Skip to content
Archive of entries posted on 12th July 2016

What do low interest rates really signal? Answer: not much!

When stock prices are high (like at present) , the press looks for reasons they shouldn’t be. Hence the New York Times piece below — Can we ignore the alarm bells the bond market is ringing? The NYTimes thesis is yields are low. Nobody wants to borrow money to finance new investments. Hence the economy […]