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.
Read the full article here on Crain’s NY!