Useful Information -- The Inverted Yield Curve

At a student's request Greg Mankiw, Professor of Economics at Harvard, writes an extremely lucid explanation of the "yield curve" and explains why an "inverted" yield curve is often seen an a harbinger of economic recession. Follow his links for a short description of economic indicators, leading, concurrent, and trailing.

This stuff should be familiar to any economics major, but apparently it isn't. For some of my readers this will be old hat, but others might find it informative and even useful since both the yield curve and the indicators are much involved in discussions of the economy these days.

Read it here.

I'm going to have to start looking for more of these mini-lessons and start posting them.