Yield Curve Inversion Different this time?

Hmm, it seems that even John Snow is saying that this inversion is different.

But government officials, including Treasury Secretary John Snow and former Federal Reserve Chairman Alan Greenspan, have insisted that the inversion now reflects boisterous global appetite for U.S. assets, rather than deteriorating U.S. economic fundamentals.

New Fed chief Ben Bernanke attributes the inversion to a global savings glut that has sent unprecedented flows of capital from all over the world to U.S. Treasurys.

I guess that is good news if those foreign investors keep buying the debt. It seems that economists are all over the page on this issue though. With some thinking the FED has raised rates too much and others saying it is not enough. We won't be able to tell until we get a recession though.