I’m not convinced that the inverted yield curve is no longer a valid gauge of where the economy is heading. Those that want to paint a rosy picture would of course say that it’s no longer valid. The wrongheadedness of the US and UK governments are definitely affecting the worldwide economy.
Yields are low enough to lock in long term debt.
But individuals have no incentive to save and investors will be taking higher risks.
To misquote Hamlet; higher risks aye there's the rub. Bubbles get inflated and can go pop.
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