More from Williams:

  • Yield curve shows no sign of looming recession
  • Yield curve reflects market risk perception
  • Yuan won't float freely in next 5-10 years
  • Slowing Chinese commodity demand to affect US
  • He's less concerned about Chinese growth than others

I don't know how he can pretend to US the yield curve for anything when the Fed is deliberately manipulating the yield curve. If overnight rates were at the 2-3% range that some FOMC members want, it would be inverted.