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John Authers

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.

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.