What's the best predictor of a recession?
Economists and PhDs could debate this for days. Some claim consumer spending is the most accurate predictor. Some claim it's the labor market. And others use a bunch of indicators weighted together, like the Conference Board's Leading Economic Index.
Still, no one indicator is universally accepted as the early warning sign of an economic downturn.
But one indicator has flashed a warning sign before just about every recession over the past 60 years...
This indicator is the yield curve.