This type of turn has always led to a recession but there is one unusual thing going on this time that has never occurred before. I discuss this in the EPJ Daily Alert. No one else is covering this.
A Bureau of Labor Statistics economist who subscribes to the ALERT emails this morning:
Hello Bob, greetings to you.
This alert on the Yield curve is worth a subscription. Pure Gold. Your coverage on the implications of the Yield curve and a posssible recession have been the best I've seen. Not to mention also your coverage on price inflation, which has been second to none.
Hope to see you soon in DC.
Kind Regards,
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