Little Concern About Inverted Curve

Few Wall Street phrases have proven costlier to investors than: "This time it's different." From Dutch tulips to Internet stocks, the promise of a new paradigm has generally led to financial pain rather than overflowing profits.

Keeping that squarely in mind, what's a shareholder to do when his bond fund manager swears that the recently inverted yield curve will not once again lead to an economic recession because "this time it's different"?

Well, if your solution is "ask another fund manager," don't bother. They are all whistling the same tune. ...