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Is There a Recession Ahead?

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It’s been a long time since the Great Recession and during that time the R word hasn’t been mentioned much.  Until recently, that is, when all of a sudden the yield curve became inverted, which has oftentimes presaged a recession.  Should we be concerned?  And what is an inverted yield curve?

Mike Switzer interviews Bruce Yandle, Dean Emeritus at the College of Business & Behavioral Science and Alumni Professor of Economics Emeritus, both at Clemson University.  He is also the Distinguished Professor of Economics at George Mason University’s Mercatus Center which publishes his Economic Situation Report

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.