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.
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Daniel Gross is the Moneybox columnist for Slate and the business columnist for Newsweek. You can e-mail him at moneybox@slate.com and follow him on Twitter. His latest book, Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation, has just been published in paperback.
Illustration by Robert Neubecker.
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