“Technically, we did not have a yield curve inversion,” Navarro said Sunday, contrary to overwhelming evidence.
White House trade adviser Peter Navarro has sought to downplay a warning for the economy that flashed in recent days. But in a book he wrote in 2006, he touted the ability of that same signal to predict a potential recession. Navarro wrote in the book that a"flat curve is an only slightly weaker signal of recession" and praised its ability to predict a downturn. Visit Markets Insider for more stories.
White House trade adviser Peter Navarro has sought to downplay a warning for the economy that flashed in recent days. But in a book he wrote in 2006, he touted the ability of that same signal to predict a potential recession. Navarro wrote in the book that a"flat curve is an only slightly weaker signal of recession" and praised its ability to predict a downturn. Visit Markets Insider for more stories.
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