Kathy Jones on the Current Economic Slowdown, Quantitative Tightening, and the Fed’s New Framework
Macro Musings with David Beckworth
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Bond Markets vs Equity Marks
Why do equity markets tend to be slow and behind the curve, so to speak, when comes to thinking about processions coming up? I don't know that i have a great answer for you. The vonmark is just a lot more mathematical, or mechanical even. It looks forward and says, well, what are the cash floes that we can expect to be generated, and how do we count that by? What the fat is doing it short term rates? There's kind of alimit unless you can look at nominal g b p suddenly growing much, much faster than anticipated - which is what happened in pa amic.
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