Interest rates may be turning upside down.

Commentary about business and finance.
June 3 2005 6:31 AM

Upside-Down Interest Rates

Bad news for the U.S. that is worse news for the world.

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A yield curve that is becoming as flat as Kansas and threatens to invert may be a sign of slowing growth for the U.S. economy. That's the bad news. The good news: It's a sign that things elsewhere are probably much worse.

Daniel Gross is an editor and columnist at the Daily Beast.