The Bear Market Is Here, What Next? | Joseph Wang & Alfonso Peccatiello
Forward Guidance
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Weak Growth and Weaker Inflation Prospects
The next ten years will have to be pretty shallow if i destroy the man right now, right? So the ill curved slope actually flattens because of that. Long term ell stand to reflect this. Weaker growth and weaker inflation prospects once you succeed in slaying t e inflation dragon. Now i put up a charg is goes all back to the eighties. You can clearly see the cycles in this chart. The last two times af the feather reserve went and hiked seriously above back then estimated levels of neutral interest traits. That's what josephus was talking about before. And you can see how two stans curve as inverted all the way to negative 50, 70, 80 basis
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