Ten-year US Treasury yields have fallen below those for the two-year papers. This "inverted" yield curve normally portends an economic recession ahead. According to a recent study released by the Federal Reserve Bank of New York, all of the last 30 recessions were preceded by inverted yield curves. Thus, we are issuing a Recession Alert.
The Fairbank Report...(如意報告)
**NB: Signed articles represent the opinions of the respective
authors and do not necessarily reflect the views of THE FAIRBANK REPORT/RUYI BAOGAO (如 意 報 告).
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