Can the yield curve still predict recessions?

In this podcast episode, the hosts take a fresh look at the yield curve, especially its recent inversion that typically signals an impending recession. Two years after this inversion, the economy remains surprisingly stable, which raises questions about the yield curve's predictive power. While experts acknowledge its impressive historical track record, they suggest that its significance may be shifting. The episode highlights the importance of a well-rounded approach to economic analysis, urging listeners to explore a wider variety of indicators rather than relying solely on the yield curve.