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The Recession Predictor

Yield Curve
NPR
Yield Curve

There's a warning sign for the economy with an amazing track record: The last five times it flashed, the U.S. economy went into recession within about a year.

This economic crystal ball takes the views of people and institutions from from all around the world and boils them down into a single, simple signal.

That signal is called the yield curve. It's not flashing now, at least not yet, but it might be close enough to make you nervous.

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Copyright 2021 NPR. To see more, visit https://www.npr.org.

Cardiff Garcia is a co-host of NPR's The Indicator from Planet Money podcast, along with Stacey Vanek Smith. He joined NPR in November 2017.
Stacey Vanek Smith is the co-host of NPR's The Indicator from Planet Money. She's also a correspondent for Planet Money, where she covers business and economics. In this role, Smith has followed economic stories down the muddy back roads of Oklahoma to buy 100 barrels of oil; she's traveled to Pune, India, to track down the man who pitched the country's dramatic currency devaluation to the prime minister; and she's spoken with a North Korean woman who made a small fortune smuggling artificial sweetener in from China.