Just over a year ago, hopes were high for a post-pandemic surge in activity, encouraging economists and bullish investors to wager that the U.S. economy was entering a new Roaring Twenties.
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Three different producers contacted me about the following headline, which appeared last week in the Wall Street Journal: “Inverted Yield Curve Is Telling Investors What They Already Know.” You may be forgiven for that case of déjà vu, because we last discussed the inverted yield curve in December. Here’s a refresher from my post on the topic:
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