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FYI: LPL Financial’s CIO, Burt White, has a very succinct piece of research about why the yield curve is one of the five most important indicators the firm keeps an eye on. He notes the fact that an inverted yield curve has a perfect record of forecasting recessions over the last half-century, although the timing is never precise. Regards, Ted http://thereformedbroker.com/2014/10/02/why-the-yield-curve-matters/