Back in August, I wrote about the deeply inverting U.S. yield curve and how it indicated deflation and slowing growth ahead (which is what we’ve seen). But – since then – I’ve seen media pundits shrug off any further downside. Or as it’s popularly termed now, “the economy is heading towards a soft landing.” I’ve seen respected analysts and pundits say things like: “Yield inversion doesn’t indicate anything anymore.” Or that, “in an era of quantitative easing (QE), inverted curves matter little.” Or my personal favorite, “this time will be different.” And while that is definitely a possibility, I believe there’s far ... (full story)