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#1329 Arthur Hayes | Bitcoin Is Going To $1 Million!
The Pomp Podcast
Real Yields and Economic Growth
Real yields in the US, EU, China, and Japan have been negative since the global financial crisis. Real yield is defined as government's 10-year bond minus nominal GDP. It is expected that lenders should be compensated at the rate of economic growth. If the 10-year yield is below this rate, the government profits, and if it's above, bondholders profit.
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