Yardeni predicts current market conditions will push the benchmark"[It's] not enough to really clobber the economy or the stock market," the Yardeni Research president told CNBC's "" on Friday. "That's not a calamity. It's not a catastrophe. It is the bond vigilantes in some ways indicating some concern about inflation."
Yardeni coined the phrase bond vigilantes in the early 1980s to describe investors who want higher yields for government bonds as compensation for rising inflation. In this case, bond vigilantes are reacting to trillions of dollars in coronavirus aid pouring into the economy. They're skeptical of Federal Reserve Chief Jerome Powell and Treasury Secretary Janet Yellen's view inflation will be transient."Most of the problem would be because of the so-called comparison effect where we're comparing inflation to a year ago in terms of price levels, and price levels a year ago were depressed," he noted. "If we get to 2.
Even though he views inflation as the biggest market risk right now, he expects surging productivity and technological innovation will play a big role in lowering cost pressures.
TradingNation think they need buyers today and in the coming weeks? cant imagine why?
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TradingNation Of course it can but the market makers in your industry are choosing to tank the market
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TradingNation Everyone lies that’s why this country is so fuckef up
TradingNation Not a chance
TradingNation Unfortunately economy is far from red hot.
TradingNation Please save these talking heads quotes. Wall Street is a legal way to steal. If folks on Main Street did this shit they’d be in maximum security jail.
TradingNation Stagflation can be defined as a period of inflation combined with a decline in gross domestic product.
TradingNation MOOHBARICK
TradingNation The market can't even withstand current 1.6%
TradingNation My conservative 401k disagrees.
TradingNation Why should taxpayers borrow at 3% what can be secured paying half that in interest - or less?
TradingNation Scare campaigns , how you will get hot economy when you have 10 millions unemployed more than last year.
TradingNation How about 5? 6? 10? OH YOU'RE FUCKING LYING AND WERE ABOUT TO COLLAPSE? 🤡
TradingNation I’ve seen inflation rates overseas as high as 7% I’m not gonna be alarmed till I see 4% even then I’m holding my stuff for a 20+ year term.
TradingNation 3% 🤦♂️🤦♂️🤦♂️
TradingNation O and it’s not the people it’s the protector of the people the GUVMENT with 28 trillion who can’t afford it but then it trickles down 💯% FREE
TradingNation This guy is full of bull alright.
TradingNation I dare you