I honestly haven’t looked, but are you saying there is no inverted yield curve right now ? If thats the case, that would be a major point for Kudlow, I haven’t actually seen what the curve is like, so I honestly don’t know.
The Treasury yield curve is a long way from inverted.
The curve is still quite steep: From short-term bills and notes, to long-term bonds.
I think Larry is right on target.