A yield curve inversion – in which shorter-dated Treasuries trade at higher yields than longer-dated securities – has been a reliable signal of upcoming recessions. The 2/10 year yield curve has inverted six to 24 months before each recession since 1955, according to a 2018 report by researchers at the San Francisco Fed, offering only one false signal in that time.
To all the people who think recession “isn’t going to happen” and “those yield curves were wrong” and “it’s different this time” it’s only been 18 months since this yield curve inverted. (July 2022)
#Intel Lays Off 311 Employees in #SantaClara and Folsom, Continuing Mass Layoffs#layoff #TechNews https://t.co/Gddrd6FTBT
— California Insider News (@CAInsiderNews) January 7, 2024
Multiple Jobholders pic.twitter.com/9q56ojkCDh
— Win Smart, CFA (@WinfieldSmart) January 8, 2024
Barclays Bank to eliminate 5,000 jobs worldwide, its second major cut in less than a year & representing nearly 6% of the workforce
— MacroEdge (@MacroEdgeRes) January 8, 2024
China Stocks Slump to Five-Year Low in a Dismal Start to 2024
2024 just experienced its worst cross-asset sell-off to start a year since AT LEAST 2003 pic.twitter.com/ZPKecx0p2G
— Barchart (@Barchart) January 7, 2024
h/t mark000