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The spread between the yield on the long-term Treasury bonds and short-term bills and notes is narrowing at a rapid clip, and cable pundits are calling for the apocalypse. After all, each of the last seven recessions was preceded by a flattening yield curve, so it just stands to reason that a recession is looming right over the horizon.
Given the speed of the narrowing, it must be time to sell everything, load up on canned green beans and bullets, and head for the bunker… Right?
Look – no one wants to see this market dive more than me; I firmly believe that fortunes are born in bad markets.
About the Author
Tim Melvin is an unlikely investment expert by any measure. Raised in the "projects" of Baltimore by a single mother, he never attended college and started out as a door-to-door vacuum salesman. But he knew the real money was in the stock market, so he set sights on investing - and by sheer force of determination, he eventually became a financial advisor to millionaires. Today, after 30 years of managing money for some of the wealthiest people in the world, he draws on his experience to help investors find "unreasonably good" bargain stocks, multiply profits, and build their nest eggs. Tim tirelessly works to find overlooked "hidden gems" in the stock market, drawing on the research of legendary investors like Benjamin Graham, Walter Schloss, and Marty Whitman. He has written and lectured extensively on the markets, with work appearing on Benzinga, Real Money, Daily Speculations, and more. He has published several books in the "Little Book of" Investment Series and a "Junior Chamber Course" geared towards young adults that teaches Graham's principles and techniques to a new generation of investors. Today, he serves as the Special Situations Strategist at Money Morning and the editor of "Max Wealth" and Heatseekers.