MacroVoices #346 Louis-Vincent Gave: The Xi Pivot vs. The Powell Pivot
Macro Voices
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The Bond Market Matters 10 Times More Than the Equity Markets
The bond markets matter 10 times more than the equity markets. They hold a lot more, indeed, of the world's long-term savings. In 2008, when you lost money on equities, you made it on government bonds. When you go back to dark days in March 2020, Equity and Bond markets were puking. But now we're calling for central bank intervention - by 4%.
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