This Can't Be Good

Note that the story doesn't say the dip indicates a recession. It says the dip raised the question of whether an inversion in the yield curve will herald a recession. Inflation and recession are normal trends in the economy. What we need to be mindful of are abormal or extreme infmationary or recessionary periods. As much as I complained about Greenspan, I must acknowlege that he did an adequate job of using the interest rate to keep infmation and recession in check.