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veen · 2606 days ago · link · · parent · post: What’s the Yield Curve? ‘A Powerful Signal of Recessions’ Has Wall Street’s Attention
What I got from the article was that the graph of expected average yield on bonds plotted over time used to be a graph going up, but is now flat or downward due to long term expected yields plummeting. Right? Not that I disagree - it is kinda confusing to say a decrease of future yields represents a 'flattening'. Maybe it's because I'm about 2/3rds into Piketty, but this explanation seems par for the course for economists.