Recession Watch: The Yield Curve is the Most Inverted Since the Early 1980s – Mish Talk
On the dismal retail sales report on Wednesday, the yield curve steepened towards deeper inversions.
Inversion NotesĀ
- 2-year to 10-year spread: -0.69 Percentage Points
- 30-year to 3-month spread: -1.15 Percentage Points
- 10-year to 3-month spread: -1.32 Percentage Points
One has to go all the way back to the early 1980s to find inversions this deep.
Yield Curve to Scale
Signs Say Industrial Production Has Peaked and so a Recession is Imminent
In case you missed it, please see Signs Say Industrial Production Has Peaked and so a Recession is Imminent
Judging from dismal industrial production numbers, a recession is imminent if indeed it hasn’t already begun.
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For the latest retail sales report, please see December Was Another Retail Sales Disaster, Even Worse With Negative Revisions
Not to worry. I’m sure it’s different this time.
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