America’s bond and currency markets are signalling a global recession - Sydney Morning Herald

The US yield curve has inverted, flashing a warning of a looming recession. The surge in the value of the US dollar means it will probably be global.

Another record inflation reading against the backdrop of a tight labour market and rising food and goods prices will, despite the recent slide in oil and therefore petrol prices, leave the Fed no opt… [+4498 chars]

full article...