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The Predictions of Recessions
The yield curves are inverted. The difference between the two-year treasury and the 10-year treasury rate is now the most inverted. It's been in more than 40 years. And these are the things that predict recessions, right? So, we haven't seen a recession yet. We've got these warning, these recession warning signals that are reliable and accurate screaming at us, telling us that a recession is coming," he said.