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Rising Bond Yields & a Flattening Curve
A flattening yield curve is often seen as an ominous portend of economic doom, while a forced increase in interest rates can often ensure its delivery. This convergence however, is the conclusion of a tale that has been in the making for a couple of decades, but one where the inflationary consequences now threaten to […]
Continue reading“Trust us, we know what we’re doingâ€
Am I missing something here? No sooner than central bankers on both sides of the pond had impressed upon us the importance of managing expectations and newsflow for fickle markets, than Bernanke throws us a very curved ball. Was this the same person that has for months been sending out signals of tapering QE, that […]
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