MacroVoices #354 Jim Bianco: CPI, FOMC, China & More
Macro Voices
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The Inverted Curve Signaling a Market Recession?
Longer-term yields have come down from about $440 to about $350. An inverted curve leads a recession on average by about 10 months. That would put you at a standard recession in the fourth quarter, not February. The market is impatient and wants to see signs of a slowdown; that's where we're seeing it now.
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