Harley-Davidson motorcycle engines are assembled at the company’s plant in Menomonee Falls, Wisconsin, in June 2018. US manufacturing activity continues to expand. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Nicholas Spiro

Why the US is not slipping into a recession, despite the inverted Treasury yield curve

  • While an inverted yield curve could be taken as a sign that a recession is in the offing, US manufacturing activity and consumer sentiment remain robust. The inversion in US yields is more a by-product of excessively low yields in Europe and Japan

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Harley-Davidson motorcycle engines are assembled at the company’s plant in Menomonee Falls, Wisconsin, in June 2018. US manufacturing activity continues to expand. Photo: AFP
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.