President Trump speaks during a “Keep America Great Rally” at Southern New Hampshire University Arena on Thursday.The Washington Post PREVIOUSLY OBSCURE to all but market mavens, the relationship between interest rates on long-term government debt instruments and short-term ones took center stage in American life last week. Bond markets experienced an “inverted” yield curve, in which short-term debt pays higher interest than long-term. This has historically been a warning sign of recession, because it suggests investors have lost confidence in the economy’s future and seek to park their mon...
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