And what happened in the months that followed that budget surplus? The yield curve inverted, and Google searches for "recession" hit their all-time highs:
Thursday, February 10, 2022
7s/10s Curve Is Inverted
Recession likely to come sooner than most think:
Of course, this shouldn't come as a surprise given what we wrote previously that the US government has been running a budget surplus in 2022. Indeed, this is the first time since April 2019 that the government ran a budget surplus:
And what happened in the months that followed that budget surplus? The yield curve inverted, and Google searches for "recession" hit their all-time highs:
And what happened in the months that followed that budget surplus? The yield curve inverted, and Google searches for "recession" hit their all-time highs:
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