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Reading History
Rates (and bond yields and financing costs for homes) may seem high to you, but that's just because
Now that’s how you make a list.
Just to validate my social status, I have copies of two of Homer’s best tomes and one of my all time favorites, H.L. Mencken’s Portable Curmudgeon. As Popeye often said, “I yam what I yam.”
As recently as 2019, everyone was quoting structural factors for low interest rates. COVID was disruptive, no doubt, but its impact is finite in time.
The rest is mostly about 2 men. Putin and Xi. Should they leave the scene…