The Bond Market Is a Great Predictor of Recessions

The bond market did not believe that inflation would never be quelled. There was all sorts of barishness. And what i worry about is that when we get the secular turn in intestrates, if we get one, that we're going to have too many people that are still leaning that way. The bonds hance, lhose a ridiculously upward sloping yield curves. This why? Again, longe dated bonds yield more than sortdated bonds,. While they have all the convexity, all the free convexity in them. And higher yield, that the real money give away.