Weren’t we supposed to be in a bond bear market by now? I distinctly recall some famous talking heads mentioning a 4% 10-year US Treasury target, and that was at a time when we hadn’t yet broken through 3%.
A certain nostalgic view has helped to push the idea the European Union is essential to the prosperity and success of Europe. But a closer look at the continent invalidates the link between prosperity and affiliation to Brussels' Europe.
The anti-establishment revolt that has spread across the Western world is closely linked to the gradual transformation of the economic structure ...from one focused principally on production, to a system based increasingly on finance.