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Economic Expert With Perfect Record Calling Recessions Is Betting This One Will Be Over By The End Of 2020
Posted on: May 7, 2020, 9:31 a.m.
Duke professor Harvey says coronavirus vaccine will end U.S. downturn; positive yield curve is upbeat sign, writes Howard Gold. : Last summer, when the U.S. had just notched a decade of economic recovery and unemployment stood at 3.7%, Campbell Harvey, a professor of finance at the Fuqua School of Business at Duke University, predicted a recession for 2020 or early 2021. Why? Because the yield on the three-month Treasury bill was higher than the yield on the five-year Treasury note ... Full investment news articleRelevent to this post: The University of Chicago Office of Investments,