Treasury bond bulls as far back as memory goes, Hoisington and Hunt remain so, explaining how...
Treasury bond bulls as far back as memory goes, Hoisington and Hunt remain so, explaining how Federal Reserve actions serve to slow economic activity. Rising CPI during QEs I and II "had a devastating effect on workers' incomes," they write. Bernanke's wealth effect is a myth, they say, with zero benefit for those with incomes less than $130K, and negligible help for those over. As always, a great read.
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