The Bon Market Is the Truth

The bon market has two jobs. All they need to do is future inflation and future growth. So when you've got any got two variables to look at, you're most like that the outcome of the hive mind of bond investors are going to reach the right kind of consensus. I've only seen consensus wrong once in my entire career, and that was 19 94. When the bond market blew up. Other than that, the bond consensus has always been right. It's always preceded what was happening. And here we are a few years later, with almost an identical set up. We have er, the yield curve about to invert, and the forward looking economic in s fooling sharply