Interpreting Inverted Yield Curves as Economic Indigestion
April 19, 2017 - Bonds, Economic Indicators, Equity Premium
Is there a straightforward way to interpret the state of the yield curve as a manifestation of how efficiently the economy is processing information? In his March 2017 paper entitled “Simple New Method to Predict Bear Markets (The Entropic Linkage between Equity and Bond Market Dynamics)”, Edgar Parker Jr. presents and tests a way to understand… Keep Reading