“Economics” versus “Events” in the Bond Market
Part 2: Events – When Does The “Reverse Wealth Effect” Kick In?
The bond market’s big “hope” has been that a “reverse wealth effect” would slow the economy. Is this correct?
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Commentaries — November 7, 2000
“Economics” versus “Events” in the Bond Market Part 2: Events – When Does The “Reverse Wealth Effect” Kick In? The bond market’s big “hope” has been that a “reverse wealth effect” would slow the economy. Is this correct?