Yield curve/term spread predicts recession

Wheee!

https://www.frbsf.org/economic-research/files/el2018-07.pdf

https://www.nytimes.com/2018/06/25/business/what-is-yield-curve-recession-prediction.html?login=email&auth=login-email

(Looks like the only time it missed was around 1966, although maybe around 1977 there was a pretty long lead-time.)

yield-curve

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