Recession Watch: Obscure But Scary

When even indicators you've never heard of start flashing red

Well-known economic indicators like consumer debt, money supply growth, and the inverted yield curve have been painting an ominous picture for a while now. But they’re not alone. A bunch of obscure but highly predictive metrics are saying the same thing. Among them:

Spiking Mortgage/Treasury spread

30-year Treasury bonds and 30-year mortgages are loans w…