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'Every time we've seen this it's coincided with a steep recession' - Tavi Costa on yield curve

Kitco Media
By Michael McCrae
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(Kitco News) - Economic data is pointing to a recession said Tavi Costa, portfolio manager at Crescat Capital.

Last week Costa spoke to Kitco Mining at Deutsche Goldmesse in Frankfurt.

Top indicator is the yield curve, said Costa.

"What we see is that right now about 76 percent of the treasury curve is inverted," said Costa. "Every time we've seen this it's coincided and with a very steep recession. It's hard to believe it's going to be a mid-cycle slowdown."

Kitco Mining's coverage of Deutsche Goldmesse was sponsored by Faraday Copper.

Kitco Media

Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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