BROADCASTS.com

In episode 172, we welcome our guest, professor Cam Harvey. Meb and professor Harvey begin the conversation with professor Harvey\u2019s 1986 dissertation on the yield curve, and his finding that when the yield curve inverts, it precedes a recession. His indicator has yet to provide a false signal. He goes on to explain the model, what it really tells us, and the implications as we move late into the summer of 2019.\nProfessor Harvey then gets into what an inverted yield curve means for growth, and a study he did that describes the performance of various asset classes before and after yield curve inversions.\nHe follows up with some background on the Duke CFO survey, and the predictive power it has in foreshadowing recession. As of a recent observation, 85% of respondents believe a recession will begin in 2020 or 2021.\nThe conversation shifts, and professor Harvey gets into some thoughts on cryptocurrency, and the research that went into the creation of his course on Blockchain.\nNext, professor Harvey explains blunders in factor investing, from data mining, to investors not taking correlation of factors into consideration.\nAs the conversation winds down, professor Harvey discusses what he\u2019s thinking about in his research these days, and disruptions he sees coming in finance.\nAll this and more in episode 172, including professor Harvey\u2019s most memorable investment.\nLearn more about your ad choices. Visit megaphone.fm/adchoices