"It's different this time" they'll say.
No, it's not. It never is. We just want it to be.
The yield on the benchmark 10-year Treasury fell below that of two-year notes early Tuesday, inverting the yield curve for the first time since December 2000.
Previous inversions have typically signaled a slowing economy or recession and debate has raged over what an inverted curve means in the current environment of robust growth and relatively subdued inflation.
December 27, 2005
Posted by blogger at 12/27/2005