Business Insider: “Wall Street’s favorite recession gauge has been flashing for 16 months, but the other key ingredient of a downturn is nowhere to be seen”
By datatrekresearch in IN THE NEWS
Excerpt from Business Insider quoting DataTrek Research:
.... "But the classic recession indicator is only one half of the recipe needed for a slowdown, and the other component is still missing, DataTrek Research wrote in a note this week.
The firm pointed out that the spread between the 10-year and three-month treasury yields has been inverted for 16 months.
"Within 9 – 17 months from when the Treasury yield curve 'inverts' from its usual condition of long-term rates being higher than short-term rates, the US economy has always experienced a recession," analysts said in the note"....
Full article here on Business Insider.
