Recovery, Relapse, Adaptation?
, I think, you saw it, heard and already know what the matter is.
Besides, что график 5летних трежарис "смотрелся" up long ago (yield down), I had no special considerations,
although I've been shouting about bonds for a month)
my interpretation, probably still the same for the same too significant period of time.
task (for example, the Fed) – stretch the period of adaptation to a new reality – survive the bubble-not-bubble-but-something-unpleasant collapse calmly, to avoid fate 29-33 and Japan (comparisons for beauty, eu-but situations overlap in scale and circumstances).
in other words – the task is to ensure a soft landing, how will it go.
the economic growth – 1) inventory cycle; 2) confidentiality (everyone managed to get scared, but everyone managed to suffer); 3) incentive – what did someone expect, that they won't work (their task is to stop the fall, not to ensure growth).
the transition to such a mental structure by the market gives us a curvature of the yield curve (growth of long rates, reduction of short), which, in general, is a normalization of market expectations.
a plus, increased demand for short securities may be fueled by fears of near-term currency risk shocks.
or depleting the potential of any emerging markets, which will reorient keritrade flows into the interior of the United States (plus and foreign exchange risk is eliminated).
certainly, as always, all this may not mean anything, especially for stocks.
but here he is the first really strong sign, about that, what all, arrived, ride, now it's time to carry the sled.
the question is not about the distribution of pies, but on any outskirts in the center of the world, panic can be arranged)
