From Zero Hedge:

As we have heard a million times on hundreds of business media outlets, the U.S. 'cannot' be in recession because the yield curve has not inverted.

Well, unfortunately for the savior-of-the-universe Chinese economy, their yield curve (the 2s-10s differential) has just inverted for the first time – suggesting, as per Mike Darda of MKM, the Chinese economy is "set to slow rather sharply" and that has "negative implications" for commodities tied to industrial growth.

Following on from our discussion of the 1tn RMB deposit infusion bailout, Darda also points out...

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