The Economist’s Buttonwood columnist, sounding more and more like Michael Lewis by the day, muses aloud the current ahistorical disconnect between the bond market and the economy — things are getting better in the economy, yet the bond market hasn’t fallen (as would ordinarily be the case). He/she/it concludes bearishly, even for him/her/it, reciting the bear’s mantra: “Oh save us from protectionism, private debt, and public deficit, so help me market.”
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