6/3/2010

The yield curve, which continues to slope upward, doesn't suggest an impending double-dip recession, but other indicators seem to. Stocks made a correction, the 10-year Treasury yield dropped, commodities fell, and the money supply in Europe and the U.S. is flat or declining. "Recession might not be baked in but those hoping for a V-shaped recovery ought to be alarmed by recent developments," according to The Economist.

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