On Friday, the yield curve inverted, often a warning sign of an impending recession. Many mainstream pundits say we shouldn’t be concerned about the inversion and that the US economy is still healthy. They say there are other underlying reasons for the inverted yield curve. But there are plenty of other economic data points that are flashing recession warnings. For instance, inventories are piling up in warehouses.
Wholesale inventories surged again in January, according to the latest Commerce Department data.