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Duke professor who uncovered yield-curve indicator says next recession won’t be so bad
A tide of disappointing data is raising fears the U.S. may be knocking on the door of a recession. But the professor who first established the relationship between the yield curve and recessions says investors shouldn’t worry too much, if only because it will likely be a relatively shallow downturn — in part because people are expecting it. With investors, companies and the public highly attuned to any sign of a recession this time around, the hit to the economy would be more limited, according to Campbell Harvey, senior adviser at Research Affiliates and finance professor at Duke University, in an interview with ... (full story)
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