(Reuters) - "I am not convinced that we are in a cyclical bear market.
It's the normalization of interest rates. I would call it the
unwinding of the Greenspan conundrum. I think that is what is
happening," said David Rosenberg, Merrill Lynch's chief
economist for North America.
The Greenspan conundrum refers to the puzzle surrounding
longer-dated bond yields being lower despite rising short-term
interest rates and inflationary pressures.
Read more at Reuters.com Economic News
It's the normalization of interest rates. I would call it the
unwinding of the Greenspan conundrum. I think that is what is
happening," said David Rosenberg, Merrill Lynch's chief
economist for North America.
The Greenspan conundrum refers to the puzzle surrounding
longer-dated bond yields being lower despite rising short-term
interest rates and inflationary pressures.
Read more at Reuters.com Economic News
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