Traders working on the floor at the New York Stock Exchange (NYSE) last Wednesday, when stocks fell nearly 3 per cent. Photo: Reuters
Traders working on the floor at the New York Stock Exchange (NYSE) last Wednesday, when stocks fell nearly 3 per cent. Photo: Reuters
Why the inverted yield curve panic was an overreaction
Worries about a US recession this year are overblown, but there are still risks to the global economy and markets that need to be addressed
Mohamed El Erian
August 19, 2019
