Interest rate inversion--signs of recession in near future?
Hi Guys,
Any finance/economist types able to bring this issue into focus for a long time real estate broker/investor:
Recently the 90-day interest rate rose above the 10-year rate. Normally, the longer the term the better the return. A higher short-term rate shows investor thinking weakness in the future. This inversion is, from what I have read, an indicator of pullback or recession in 1- to 2- years. Any truth to this?