So, the new normal could mean no real recovery. Labor share of #GDP shrinks, or grows slower than GDP. Loans and money supply seem to lag. #Bond hoarding (the new #gold) impacts bond demand. And I think the media may even get a little grease money from bond tantrum people. Now I can't prove that, but really do we have to? MSM heroes come on talking up yield, and somehow they are connected to people who seem to profit from a little bounce in yield. Again, this is just my opinion, but I don't think it is a one off strategy.
Yellen’s Not As Hawkish As We Thought, But It Doesn’t Matter For Your Bonds
So, the new normal could mean no real recovery. Labor share of #GDP shrinks, or grows slower than GDP. Loans and money supply seem to lag. #Bond hoarding (the new #gold) impacts bond demand. And I think the media may even get a little grease money from bond tantrum people. Now I can't prove that, but really do we have to? MSM heroes come on talking up yield, and somehow they are connected to people who seem to profit from a little bounce in yield. Again, this is just my opinion, but I don't think it is a one off strategy.