Tyler Cowen Doubles Down (Doesn't Know When to Quit Department)
Double Dip Watch: Macro Forecasting Department

Ms Market Offers the U.S. Government Free Money for Ten Years...

The FT reports:

Global growth fears push gold to new record: "The 10-year US bond yield is down 9 basis points to an eight-month low of 2.66 per cent – the first time it has broken 2.70 per cent this year – while short-term yields are near record lows as the Federal Reserve is seen staying “lower for longer”."

If anyone were offering my family money at 2.66% nominal for ten years, I can tell you that we would be borrowing big time and investing...

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