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A quick word on bond vigilantism and market mania

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A quick word on bond vigilantism and market mania

Edward Harrison
Apr 19, 2021
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Share this post

A quick word on bond vigilantism and market mania

pro.creditwritedowns.com

I am sceptical of the long-term durability of this cycle. But, we have to remember that we had a record-long economic cycle after the Great Financial Crisis. And now, policymakers are not willing to accept impotence, either on the monetary or fiscal side. So, in many ways, we are in a new policy paradigm.

In the last cycle, it was just the monetary side …

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