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Not Normal

Divide the 30 year treasury yield by the 3 month treasury bill yield and you get a number that is not normal. I don't know if it is the new normal. I just know that is not normal. It has been this way since the end of 2008. The big Ben question is how long it stays this way?


As long as we wish for safety, we will have difficulty pursuing what matters.
  --Peter Block
To study the abnormal is the best way of understanding the normal.
  --William James

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