Are negative yields simply reflecting, not a surplus of capital, but rather a shortage of talent?https://www.bloomberg.com/opinion/articles/2019-09-13/negative-interest-rates-could-their-cause-be-a-labor-shortage …
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Economists are the wrong people to ask. Ask the people buying the bonds and you'll get clearer answers.
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Relatively few bonds behind issued as well?
End of conversation
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It's usually more scary to me when an economist is dead certain what is causing some complex phenomena.
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Economists write papers for other economists to read. Money weighted bets are more elegant. Insert Buffett’s quote on companies hiring an economist having one too many.
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When the people that control your money are fighting over how that money should be controlled it's time to worry.
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Well it is a dismal science But at least they’re honest and know that
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I find it rather reassuring myself. I worry about what would happen if economics started to actually work well.
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Well it’s all about QE. The question is, why do we need QE to support 2% GDP growth?
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There is a popular citation by Economists themselves, since 1950s that " Whenever Three Economists meet there are Four Opinions".
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