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The "Money Illusion" Keeps the Economy Hot | Juliette Declercq

Forward Guidance

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The Ominous Signs of a Recession

Yield curve flattening typically is something of an ominous sign. Recession always like preceded by like an inversion on the curve but the opposite is not necessarily true, he says. As long as you don't have an inversion, all the curve flattening is telling you is that you're pricing hikes and you know not a lot more than that.

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