John Taylor believes in the concept of resource slack. As do those who argue there's no longer slack in the economy.
commenter gman:
size of bond market is much larger than stock market
CHART: The 10-Year US Treasury Note Yield Since 1790
4 percent is normal or goal of the Fed?
Actually goal is minimal inflation and unemployment.
commenter gman:
size of bond market is much larger than stock market
CHART: The 10-Year US Treasury Note Yield Since 1790
4 percent is normal or goal of the Fed?
Actually goal is minimal inflation and unemployment.
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