Surveillance: 3% GDP with Matus
Bloomberg Surveillance
00:00
The Upside-Down Nature of the Bond Market
The investment rate corporate credit index yields about 5.4%. The Russell 1000, the earnings yield is only about 4.8%. That difference kind of makes sense if you thought that we were about to accelerate economic growth pretty substantially,. But we've got the opposite if you are economists think we're continuing to slow down. When does this start to bite? Can we just build that out just a little bit more?
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