The U.S. Economy: Are Analysts Missing the Point?

A economia dos EUA: os analistas estão perdendo o objetivo?

ABSTRACT

The conventional view on the U.S. economy is that economic growth above “potential” is bad for bonds since it spells inflation. The purpose of this note is to show that following the Volker deflation (l980-82), the policy regime changed, and greater economic stability obtained.

KEYWORDS:
Interest rates; bond Market; Fed