Its an unfamiliar world so lets go over this one more time:
Vaccine = good news for growth -> 30yr Treasury should sell off
BUT
Lowflation
Fiscal policy paralyzed
Fed only game in town
-> expect Fed bond buying & i.r. targeting -> 30 yr doesn’t budge.
wsj.com/articles/stock… https://t.co/d76FZSWGDv
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…