Barry Ritholtz, Columnist

A Flatter Yield Curve Is No Reason to Freak

An inversion is a worry. Flattening, not so much.

April 30, 2018 at 4:30 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

Speaks for itself.
Photographer: MyLoupe/Universal Images Group Editorial/Getty Images

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There are not many sure things in economics, but today I am going to share the closest thing to a foregone conclusion I have seen: When the yield curve inverts, an economic recession is coming.

Oddly enough, this is the subject of no small measure of confusion among traders, investors and even economists.