, Columnist
Yield Curve Flips to Positive Again. Celebrate?
Hardly. The Fed is sending a message to the money markets, not embarking on major easing. And the recession signal still stands.
You don't need rocket science to explain this move.
Photographer: NASA/Getty Images
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A real scientist has some big advantages over economists and investors. None is bigger than the ability to conduct a controlled experiment — hold all other variables equal and see what happens when one is changed.