We are still sitting at generational LOWS for yields on the 10 year notes, these are BELOW the real inflation rates. These LOW FED induced rates are mispricing risk in the economy and creating MAMOTH BUBBLES.
5 YEARS into recovery, STOCKS AT ALL TIME NEW HIGHS.....but yields are LOWER than they were at 2009 crisis bottom?
If everything was all peachy keen, why then don't we begin to normalize things?
D
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