A recession indicator with a perfect record has been flashing red for 20 months. It may not be wrong yet.

A recession indicator with a perfect record has been flashing red for 20 months. It may not be wrong yet.

Yuichiro Chino/Getty Images

A recession indicator with a perfect track record has been flashing red for 20 months now, but the economist who pioneered its use warned against dismissing it just yet.

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