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Yields and prices move in opposite directions, so prices will fall with some authority once yields work their way above 3.0%. Remember, in a deflationary scenario, the price of everything falls. Bonds are usually a safe haven when stock prices fall. But such will not be the case in the coming deflationary plunge. Both stocks and bond prices will fall together, confounding conventional wisdom.
few others/Stock Monkeys
Stock monkey = someone who invests mainly in stocks?
If so that does not describe Mish
Mish
I see right through him....he's all over the board .... with tons and tons of useless info on Eco to say the least
I see right through him....he's all over the board .... with tons and tons of useless info on Eco to say the least
Have to disagree, he is often on peak prosperity. He is quite sharp.
OTOH where is there a return? Consequently the 10 yr does have a safe return, which means to say that Yellin will continue the QE.
Have to disagree, he is often on peak prosperity. He is quite sharp.
Was actually refering to his blog
The 10 YR US Treasury yield appears to have found the bottom of the corrective Intermediate wave (2) around 1.87%, and is in the process of completing Minor degree wave 1 of Intermediate wave (3).
http://www.globaldeflationnews.com/10-yr-us-treasury-yieldelliott-wave-update-for-week-ending-1172014/