Beware of Foolproof Recession Indicators

Beware of “foolproof” recession indicators. For years, people have been telling me that an inversion of the 2-year and 10-year yield spread on Treasury securities indicates that a recession will occur within 12 months. I’ve warned them that while the indicator has a good track record, it’s far from perfect.  This yield spread inverted on … Continue reading Beware of Foolproof Recession Indicators