First, let me answer the question in the title: I do not know because, according to conventional theories, when the realised and expected inflation rates are as high as they are in the United States (US), the long-term US Treasury yields should go up.
The French government has today scrapped plans for a major expansion at Charles de Gaulle airport due to climate change concerns. Read here
When you hear that something makes economic sense, this means it makes the opposite of common sense. Those sensible men and women who run the world’s treasuries and central banks, who see an indefinite rise […]
Bill Mitchell – OECD is apparently now anti austerity – warning, the leopard hasn’t changed its spots
We keep hearing about major changes of policy by the IMF, World Bank, now OECD. When it comes to changing their practices, these changes never materialise. Read here