Thursday, December 29, 2005
The Yield Curve has Inverted!
Run, head for the hills! The economists are jumping into the sea like lemmings! (Actually, this article refers to them as wildebeests…)
Anyway, this news about the yield curve inverting (it only inverted briefly, and is back to being flat) stands in stark contrast to the great productivity numbers. Perhaps the great increase in productivity is what’s keeping the economy in such great shape even when other indicators don’t look so hot. Since productivity growth is at a fifty year high, that seems like it might be true, at least somewhat…
Besides the serious stuff, I think it’s clear that I found those Slate articles amusing. They are well written, as far as economics articles go.
Anyway, this news about the yield curve inverting (it only inverted briefly, and is back to being flat) stands in stark contrast to the great productivity numbers. Perhaps the great increase in productivity is what’s keeping the economy in such great shape even when other indicators don’t look so hot. Since productivity growth is at a fifty year high, that seems like it might be true, at least somewhat…
Besides the serious stuff, I think it’s clear that I found those Slate articles amusing. They are well written, as far as economics articles go.
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