Understanding the Yield Curve
One of the puzzles of recent financial history has been the repeated failure of a flattening or inversion of the yield curve reliably to signal economic doom. Repeatedly since 1990, economists and others have greeted this phenomenon as a harbinger of forthcoming economic trouble, and just as repeatedly it hasn’t turned out that way.
For laymen, the yield…
Keep reading with a 7-day free trial
Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.