A man walks by the New York Stock Exchange on August 14. Concerns over a recession have sent stocks plummeting. Photo: AFP
Opinion
Opinion
Macroscope
The bond market is flashing a recession warning, but that’s no cause for alarm yet
- Historically, a yield curve inversion precedes a recession. However, following an era of easy money, an inversion might simply signal that markets are expecting loose monetary policy again
A man walks by the New York Stock Exchange on August 14. Concerns over a recession have sent stocks plummeting. Photo: AFP