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Mohamed El-Erian: Yield Curve Panic Was an Overreaction, But That Doesn't Mean It Was Harmless
If consumers are spooked by breathless coverage in the news media, they could cut spending and start some real trouble. Inversion of the U.S. Treasury yield curve caused quite a reaction in markets and beyond last week. Losses of around 3% for the major U.S. indices on a single day were accompanied by headlines screaming about the
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Posted: August 18, 2019 Sunday 07:00 PM