Seems like there is a concerted effort to continue the ‘this time it’s different’ explanation for the markets in general, and to keep the ‘soft landing, don’t worry’ sentiment going. Economist Harvey Campbell first identified that when the US Treasury yield curve inverts (short-term yield beats long-term), a recession follows. For eight out of eight times, back to the 1960’s, each time this inversion happened, a recession followed. But
January 2023 ‘Soft Landing’ Notes
January 2023 ‘Soft Landing’ Notes
January 2023 ‘Soft Landing’ Notes
Seems like there is a concerted effort to continue the ‘this time it’s different’ explanation for the markets in general, and to keep the ‘soft landing, don’t worry’ sentiment going. Economist Harvey Campbell first identified that when the US Treasury yield curve inverts (short-term yield beats long-term), a recession follows. For eight out of eight times, back to the 1960’s, each time this inversion happened, a recession followed. But