Real interest rates, both long and short duration, have been on a steady decline since the 1980s. Some analysts believe that thanks to the world's debt binge, and highly indebted sovereign nations, rates will never be able to breakout higher again. However, this view isn't held by Bank of America Global Economist Ethan S. Harris.
In a report published at the end of last week, Harris and team lay out the reasons why they believe that the downward slide in both short and long real interest rates is likely to reverse.
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