Recession Incoming or Something Worse? 2/10 Spread Collapses

UPDATE: Now stocks are selling off and the 2/10 spread is less than 10 basis points.  Gold, however, refuses to sell off while the euro pulls back versus the dollar. Mike Shedlock over at Mishtalk noted yesterday that there have been a couple of troubling inversions in the U.S. yield curve recently.  They happened in … Continue reading Recession Incoming or Something Worse? 2/10 Spread Collapses