This segment includes an articulate explanation of the yield curve inversion and its implications. I would add: it’s not just ‘normalizing’ interest rates that has sparked cardiac arrest through the economy, it’s the years of excessive credit creation that preceded it. Now we have the take back phase.
Campbell Harvey, Duke University professor of finance, joins ‘Squawk Box’ to discuss the Fed’s inflation fight, why he believes the central bank has overshot and should have stopped raising rates in January, the state of the economy, Treasury yields, and more. Here is a direct video link.
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