Keynes predicted that capitalism's success would lead to capital no longer being scarce. Perhaps this is happening? Not sure either.
Current interest rates are so anomalous historically. I worry I'm going to kick myself later for not investigating.
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He called it "euthanasia of the rentier" back then - if capital quits being scarce, interest rates have to drop.
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in what? And how? Borrowing to invest in the market?
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I'm mainly worried about avoiding disaster, not making money.
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But Paul, it was the high rate regime in the 2H of 20thC than was anomalous. Slow growth and low rates are historical norm.
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the excessive intervention by the gov proved worse than otherwise (Volker/Regan) couldn't help stagflation.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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At first I read this as "
@paulg and I are..."Thanks. Twitter will use this to make your timeline better. UndoUndo
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potential bond bubble you think?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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same. Totally agree.
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