Mises Daily
Author:
Clifford F. Thies
Online Publish Date:
A number of signs indicate that our prosperity is ending. The stock market has fallen, crude oil prices are rising, and the Federal Reserve is tightening money. An esoteric signal of impending recession is the “yield curve.” Normally, yields on U.S. Treasury securities rise from short-term Bills to mid-term Notes to long-term Bonds. But, from time