Zero long-term rate reflects structural imbalances in the global economy …
This is the new not-normal normal A majority of global 60T$ bonds yield near-zero to negative rate@FT article says "investors blame the Federal Reserve". https://t.co/kRjr7qoW4W But that is wrong Zero long-term rate reflects structural imbalances in the global economy … pic.twitter.com/pvDfOPuao1 — Atif Mian (@AtifRMian) July 28, 2020 We can think of zero/negative long-term rates … Read more