If you've consumed any financial media lately, you're likely well aware that the yield curve has been flattening. Why this has much of the investment community in a tizzy is due to the measure's reliability as a recession predictor. But given all of this press, and – most importantly – the lack of a causal link, should we Integrating Investors take note and make preparations for a Keynesian Beauty Contest; or does the immense scrutiny make it subject to Goodhart's Law and hence may be ignored?
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