Friday, March 2, 2018

Is the secular economic season beginning to change (Part 2)

 - by New Deal democrat

The selloff of a month ago may well be the harbinger of a fundamental change in the relationship between bond yields and stock prices, one that is likely to persist for the next 10 years or so, as  part of a very long term interest rate cycle that has tended to last about 60 years.

This post is up at