Household Equity Ownership The Best Contrarian Indicator?
July 8, 2016
By Steve Blumenthal
Bonds are what they are. Today, they are less than what they are. It is said—nothing is ever new under the sun of finance… but we do live in a unique time in two critical ways—interest rates and monetary moment.
A few years ago, a book appeared called A History of Interest Rates… The book is a chronicle of 5,000 years of interest rates… Not a single line about negative yields. From Hamrabi to Ben S. Bernanke, negative yields were nonexistent. Today, they are here in plethora.
Two-thirds of those are Japanese. A trillion of French and a trillion of German. Every single Swiss, now yields less than zero....
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
