Nobody is Bullish Enough on Growth
One of my JST Advisors clients had an interesting question for me this week, if this really is a durable period of high levels of nominal economic growth, why doesn’t the market (bond market) care? This question was further echoed by Larry Summers post the Fed meeting. If growth is going to be so good, why is the 30y treasury yield at 2.10%?
I think ther…