“Monetary Policy Is Bankrupt” Dr. Lacy Hunt Warns “Bonds, Not Stocks, Are A Good Economic Indicator”
by Tyler Durden
ZeroHedge.com
02/27/2015
“While the wealth effect is a theoretical possibility, it is not supported by economic fact. The stock market is not a good guide to the economy, but…the bond market is a very good economic indicator. When bond yields are very low and declining it’s an indication that the same is happening to inflation and that economic activity is weak. The bond yields are not here for any fluke of reason. They are here because business conditions in the US and abroad are quite poor.”
The Rest…HERE
