Last June, the second quarter ended with a yield curve inversion having taken place, which tripped the countdown to recession. It was a Code Red, in words of Duke Finance Professor and Research Affiliates partner Campbell Harvey – and he told us that on our channel this past October. Suffice it to say, he was right, and his yield curve indicator is now undefeated, with 8 straight accurate positives and not a single false positive along the way. Which, if you know about how weird and inconsistent economics is in general, you’d have to admit is pretty impressive.
Anyway, Campbell joined us again this week to talk about the current recession, and what’s coming next: