“The yield curve has inverted! The yield curve has inverted!” That’s Wall Street latest installment of Chicken Little’s “the sky is falling.” And the cry certainly has gotten investors’ attention, since every “knows” that an inverted yield curve is a reliable predictor of recessions. This undoubtedly playing a role in the stock market’s dismal performance so far this week. Since the yield curve (by at least some definitions) became inverted at the beginning of December, the Dow Jones Industrial Average DJIA, +1.20% has fallen 10.6% and the S&P 500 SPX, +0.95% has fallen 10.7%. But just as the world didn’t come to an ... (full story)