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I'm not convinced the current economic situation is entirely due to the coronavirus. The yield curve has been inverted for about six months now, which has been
by nwallin 7y ago
I'm not convinced the current economic situation is entirely due to the coronavirus. The yield curve has been inverted for about six months now, which has been a sure fire predictor of recessions for as long as it's been measured.
Maybe coronavirus popped the bubble early. But a popped bubble is a popped bubble. It doesn't matter whether high oil prices or a pandemic is the needle doing the popping.