Don’t Fret the Inverted Yield Curve

For those interested in the complete text of the David Malpass report I mentioned yesterday, you can find it here, along with a lot of other good reading in the section on markets.

Link: Don’t Fret the Inverted Yield Curve.

David is one of the world’s best economists. Following by David Malpass, Cheif Economist, Bear Stearns. Equities weakened on Tuesday and bond yields fell further, pushing longer-term yields below shorter-term yields. We disagree with the view that …

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