Last week a caller asked me an odd question about government policy forcing us into a cashless economy. Here are my thoughts, without the conspiracy angle.
Yield Curve Issues
I am getting back to my monetary economics roots with this post. Bloomberg has a really interesting piece (found here). One well known forecasting tool or leading indicator known to the public at-large is the inverted yield curve. After an inversion the economy goes into recession within a few quarters, or so the story goes.