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2min chapter
Two innovation market indicators
Planet Money
The Yield Curve: A Predictive Power
Campbell Harvey is the Duke University economist who discovered the yield curve's predictive powers. When things are not normal, when there are economic storm clouds on the horizon, investors flock to long term investments like the 10 year and 20 year treasury bonds. With this increased demand, the treasuries don't need to offer such a high interest rate. And meanwhile, because the Fed is raising short term interest rates to battle inflation, that drives up the interest rates on things like three month treasury bonds.
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