After 625 Days, The Longest Yield Curve Inversion In History
22nd March 2024
As regular readers are aware, an inverted yield curve has been the best predictor of a US downturn of any variable through history: the yield curve has always inverted before all of the last 10 US recessions, with a lag that is usually 12-18 months, but some cycles – certainly this one – take longer…. much longer.