Ed Jardani: The yield curve has a great record of forecasting recessions, but what it really does is it forecasts the process that in the past led to recessions. He says investors are buying 10-year bonds because they think if the Fed keeps raising rates, something's going to break in the financial system. "The current situation is starting to reach out again of anticipating a financial crisis," he says.
Ed Yardeni, Founder and President of Yardeni Research, talks about a ‘Nirvana Scenario’ for bonds. Bloomberg News Technology Reporter Alex Barinka discusses Elon Musk changing Twitter's logo, replacing its signature blue bird with a stylized X. Katie Thomas, Lead at the Kearney Consumer Institute, shares her thoughts on the consumer mania around the Barbie movie. And we Drive to the Close with Alan Zafran, Founding Partner and Co-CEO at IEQ Capital.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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