The Predictive Signal of Recessions

In a healthy economy, you want rising interest rates over a long period of time. But when all that stuff, ten years out, all of a sudden is trading fora or yield than to day, what people think will happen is that governments will cut interest rates massively. That really doesn't hang together at some really basic logical level, right? So so what's going to happen? Well, brat said this last week: What has actually happened under the hood is a dispersion which means companies have gotten crushed and the good companies have gotten whacked. And then they rally disproportionately in favor of the crappy companies. I think we are going to see this diversion of earnings worth about one