Re:‘A Powerful Signal of Recessions’ Has Wall Street’s Atten...
by ergothus on Monday June 25, 2018 @01:18PM
(#17394021)
My knowledge of predicting recessions is unchanged, but my way of looking at leaves on the ground is forever changed...
Re:‘A Powerful Signal of Recessions’ Has Wall Street’s Atten...
by smellf on Monday June 25, 2018 @03:48PM
(#17395248)
What he's referring to is not leaves on the ground, but upturned leaves on the trees. The conventional wisdom says that a storm is coming when you can see the backs of the leaves.
Re:‘A Powerful Signal of Recessions’ Has Wall Street’s Atten...
by rm_-rf_slash on Monday June 25, 2018 @02:24PM
(#17394498)
It’s not leaves on the ground, it’s the leaves on the branches to watch. When they’re upturned, it means that the pressure system is changing, which often precludes rain.
The yield curve is like seeing upturned leaves in the wind: a storm may coming, but it’s not clear when.