A joke, yes. We will laugh in the car.

Tuesday, December 27, 2005

Inverted yield curve

The yield curve inverted. This is a classic sign that a recession is coming because banks don't make money when they lend, so they don't lend, which shrinks credit, which shrinks investment.

posted by Howie Hardcore @ 12/27/2005 12:29:00 PM ::

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