Crain’s NY: “Wall Street’s optimism of a year ago has all but run out”By admin_45 in IN THE NEWS
Excerpt from Crain's NY quoting DataTrek's Nick Colas:
.... "But it could well be worse: The inverted yield curve is one of the more reliable predictors of an economic slowdown. The last time the 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 recessions.
"It is the equivalent of a bartender yelling out, 'Last call!'" Nicholas Colas, co-founder of DataTrek Research, said in a client note"....
Read the full article here on Crain's NY Business!