Bob explains that the yield curve has gone back to a "normal" upward sloping configuration, with 10-year Treasuries yielding more than the 3-month T-Bill. Bob reviews the historical pattern and the theory behind it, and also provides an estimate of when the next recession will hit.

Related: - https://mises.org/understanding-money-mechanics/inverted-yield-curve-and-recession  - https://mises.org/podcasts/human-action-podcast/why-government-relief-spending-only-makes-recession-worse 

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