How did The Yield Curve Predict every Recession
4 min readApr 8, 2020
The Yield curve has had a near-perfect record in predicting recessions for the past five decades. But despite an accurately working early warning system, we somehow always managed to be caught unprepared.
What is a Yield Curve?
A yield curve is a graph that depicts yields or interest rates of bonds that mature in different time frames. It plots the…