The inversion of the yield curve becomes problematic when it starts reversing. This is starting to happen at a higher and higher levels where true inversion isn't necessary for economic destruction. What level will it stop at this time? each of the past 4 have been at higher levels. My guess is that 1.75% on 2 yr rates and 4.5 on mortgages crushes stocks again and inversion stops around .2 WE aren't far off