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Thank you for helping me understand and tune out the noise...esp "However, falling yields are no more a recession than steep stock market declines. A recession, however it is defined, is a loss of economic output. It is a contraction of the economy, not of financial markets. Markets give us indicators of whether a recession either will happen or is happening, but they are not the recession itself"
Thank you for helping me understand and tune out the noise...esp "However, falling yields are no more a recession than steep stock market declines. A recession, however it is defined, is a loss of economic output. It is a contraction of the economy, not of financial markets. Markets give us indicators of whether a recession either will happen or is happening, but they are not the recession itself"
I'm glad you find my work helpful! Thanks!