4.7 • 9.2K Ratings
🗓️ 4 April 2023
⏱️ 10 minutes
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0:00.0 | NPR. |
0:12.0 | Is a recession coming? |
0:14.0 | Is a recession coming? |
0:15.0 | I mean, the question everybody has on their minds. |
0:18.0 | Two answer, that question. |
0:20.0 | We look at economic indicators on our show all the time. |
0:24.0 | And of all the economic indicators, |
0:26.0 | there is one that is predicted every recession since 1969 with no false positives. |
0:32.0 | That is a remarkable track record of economic doom predicting. |
0:36.0 | And maybe you guessed where we're going with this, |
0:38.0 | we're talking about the yield curve. |
0:40.0 | The yield curve. |
0:42.0 | That's right, we talk about it a lot on this podcast. |
0:44.0 | And the yield curve is flashing red right now. |
0:48.0 | It's going alert, alert. |
0:50.0 | I call that code red. |
0:51.0 | Campbell Harvey is the guy who discovered the yield curve's predictive powers. |
0:56.0 | If you don't know his name, you should. |
0:58.0 | So according to the model, the model says we will have a recession. |
1:02.0 | That is not good, Darian. |
1:04.0 | It's not good at all. |
1:05.0 | But hold on a second. |
... |
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