“Miracles Aren’t Coming” – Surefire Recession Signals Everywhere
by Mike Shedlock via MishTalk,
ZeroHedge.com
Tue, 06/18/2019
The strength of inversions widened today. That’s a strong recession warning, but it is not the actual recession signal.
Inversions Widen
Today’s bond market action is a strong follow-through on Friday’s action.
Imminent Signal
The recession imminent signal is not the inversion but a sudden steepening of the curve following a period of inversion.
A comparison of the strength of the inversions today vs 2007 will show what I mean.
Inversions With the 3-Month Note Today
The Rest…HERE
