Bending the Third Rail
Because We Should, We Can, We Do
Wednesday, November 15, 2006
What Kind of Landing?
Click to enlarge

This is a chart from Barry at The Big Picture. It basically shows the degree of inversion of the yield curve. An inversion occurs when short term interest rates are higher than long term rates. This means that bond traders are betting that long term interest rates are currently at a "high" and that the future holds rate decreases ... meaning a slowing economy.

Written at 9:12 AM by Greyhair.
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