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Podcast: The Meb Faber Show - Better Investing
Episode: #172 - Cam Harvey - This is a Time of Considerable Risk of a Drawdown
Description: In episode 172, we welcome our guest, professor Cam Harvey. Meb and professor Harvey begin the conversation with professor Harvey’s 1986 dissertation on the yield curve, and his finding that when the yield curve inverts, it precedes a recession. His indicator has yet to provide a false signal. He goes on to explain the model, what it really tells us, and the implications as we move late into the summer of 2019.Professor Harvey then gets into what an inverted yield curve means for growth, and a study he did that describes the performance of various asset classes before an...