‘Out to lunch’ Fed, bond market leading indicator

Dr. Komal Sri-Kumar, the president of macroeconomic consulting firm Sri-Kumar Global Strategies, says to keep an eye on the spread between the 2-year and 10-year Treasury yields, which has historically signaled a recession when it narrows down to zero. Overall, he watches the bond market for hints at a potential recession to come.  Here is a direct video link.

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