Soft landing? You’re in dreamland:
Choose from stagflation or recession, there are no other options. Chart from here.
The last time the yield curve was this inverted was October 1981
Soft landing? You’re in dreamland:
Choose from stagflation or recession, there are no other options. Chart from here.
Back then it was only private eyes watching you and seeing your every move. Now it’s Google, Facebook, Alexa…
From October 1, 1981 to October 1, 1987 the DJIA went from 860.73 to 2639.20 or about a 19.5% compound annual return. Admittedly, the crash was just around the corner and the Dow started from a much lower valuation than we’re at now, but it doesn’t pay to get too psyched out by the inverted yield curve.