Start the conversation
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