Are we headed toward recession?

Last week the yield on 2-year Treasurys eclipsed the yield on 10-year Treasurys for the first time since 2007. This ‘inversion’ of the yield curve is widely-followed because it has preceded every recession post-WWII. That’s not to say that it causes recessions, but it is considered a harbinger of slower growth. (recessions are shaded in gray) Lots…