19-03-28 Behind the Curve

The phrase on everyone's lips at the moment is 'yield curve' - largely for its supposedly unerring ability to predict a recession if not, as its most extreme devotees seem to imply, actually to cause one. But is that a valid interpretation of what is afoot in financial markets today and does that jibe with how the real economy is developing? Listen to hear our thoughts on the matter. You may well be surprised...