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The Great Liquidity Debate | Michael Howell & Andy Constan
Forward Guidance
The Inverted Yield Curve Is a Net Positive for the US Corporate Sector
There hasn't been a lot of coupon issuance over the last few years for whatever reason relative to the demand for coupons. And that is one of the things that is causing the yield curve to invert. I think it's giving economists the wrong message about whether the economy is going into recession or not. So actually, the inverted yield curve paradoxically is probably a net positive for the cash flow of the US corporate sector.
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