昨天阅读2小时,累计阅读65小时。9月十10号华尔街日报,The best moves to make in an inverted yield curve. 最后一段,All told, the data suggest
that prices (especially equities)
respond much more to an inversion than to the actual recession, which comes on average 12 months later. In 75% of
cases over the past 90 years,
the two-year returns to largecap stocks are significantly
worse following an inversion
than they are following an official recession.个人理解的翻译,
价格对真实衰退的反应要大于反转,衰退要在12个月后才能体现。过去90年,75 %的案例表明,伴随反转收益曲线的两年回报明显比伴随正式衰退的两年回报要差。
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