Crain’s NY: “Bond market signals a looming recession”

Excerpt from Crain’s New York Business quoting DataTrek’s Nick Colas:

…. “The indicator is an inverted yield curve, which means the cost of borrowing money for a few months costs more than borrowing for many years. The last time the yield curve inverted was in 2006, a year before the Great Recession began. Yield curves also inverted in 2000, 1989, and frequently between 1978 and 1982—all shortly before the start of recessions.

“It is the equivalent of a bartender yelling out, ‘Last Call!'” said Nicholas Colas, co-founder of DataTrek Research, in a client note today”….

Read the full article here on Crain’s NY!

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