Even The New York Times Gets Investment Facts Wrong Sometimes
Even the Old Gray Lady, The New York Times, sometimes sensationalizes financial news.
At a time when facts are under assault, The New York Times must be held to account for incorrectly asserting that the yield curve is — quote — “perilously close to predicting a recession.”
Actually, the yield curve is not even close to predicting a recession!
The yield curve, a byproduct of Alexander Hamilton’s financial system for managing the U.S. economy, is the key lever of the national bank, the U.S. Federal Reserve, for stimulating or slowing growth of the economy.
The yield curve is generally defined as the difference between the 10-year Treasury bond rate and the short-term lending rate set by the Fed.
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