But the actual economy _is_ still about sentiment, no?

rtkwe · on March 9, 2020

In most places yeah which is why the kind of highly instrumented self reflection of the sentiment like the yield curve inversion can be dangerous. It's not a sign that says there's going to be a recession it's just a sign the people in that market think there will be one.

jakeinspace · on March 9, 2020

From consumers and suppliers (to some degree), not so much from buyers of treasury notes.