EDITOR'S NOTE: As a responsible investor, one who pays attention to the latest economic reports, one who tries to gauge the rapidly-shifting dynamics between market and economy, and one who tries to distinguish fashionable hype from sound financial data, then you’re likely aware of the 2 and 10-year Treasury yield curve inversion that appears to be getting more severe since June. Looking beyond the hype, you’re aware that it’s nothing more than an indicator with a strong history of signal potential recessions but a consistency that falls short of being considered a reliable predictor. Fair enough. George Gammon, however, goes further and calls it fake news; pure disinformation; sheer misinformation. Wait, doesn’t Bloomberg, CNBC, MarketWatch, WSJ, and every other “respectable” media source consider yield curve inversions to be somewhat reliable and certainly alarming? Or are they just giving you a sensational story without any real statistical significance to even be considered worthy of discussion? Gammon debunks the 2-10 inversion theory. And if you based your recessionary expectations on this measure, well, here are three reasons we might not have a recession.
Source: George Gammon via YouTube
Originally published by George Gammon on YouTube.