The bond market is wrong
Bond investors continue to forecast a hot economy that is poised to buckle under the strain of even limited interest-rate increases
Unconventional monetary stimulus does little to affect the real economy. Monetary injections are trapped within the financial system and result in limited economic growth.
The market is predicting the Fed will boost rates by around 50 basis points to 75 basis points less than the previous cycle high before the economy or markets force another easing cycle.
Kevin Muir Bloomberg 12 januari 2022
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