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Commentaries — February 8, 2007

Revisiting the Original Conundrum: The Interest Rate-to-Stock Relationship Nearly 10 years ago the relationship between stocks and interest rates changed. We attribute this change to a paradigm shift when the stock market’s capitalization first exceeded 100% of nominal GDP.

Open Revisiting the Original Conundrum: The Interest Rate-to-Stock Relationship
Nearly 10 years ago the relationship between stocks and interest rates changed. We attribute this change to a paradigm shift when the stock market’s capitalization first exceeded 100% of nominal GDP.