
MacroVoices #314 Lakshman Achuthan: Inflation is Neither Transitory or Secular, it’s Cyclical
Macro Voices
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Bond Market - What's That Mean for Bonds?
We've got a double ditch of correction in the in the market since earlier this year. These, these double digit percentage point corrections, are all clustered inside growth, racycle down turns. Let's move on to the bond market. Most people associate a down turn with reducing yields, but they also associate increasing yields with inflation. So if we've got unstoppable inflation and turn, what's that mean for bonds? This is where, you know, i'm so grateful for our kind of approach, to our framework, because it allows for cycles in growth to be seen independent from cycles and inflation. The combination of that should add up to over all yields, nominal yield and right now,
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