A reader writes in with this classic parable:
The long list of reasons by pundits explaining the drop in Treasury yields reminded me of an old Wall Street joke:
Over dinner following a hectic day in the market, the wife of this well-known pundit / stock-picker asks, “Darling, what’s wrong with the stock market?”
His reply: “Sweetheart, it has to do with China sinking a Vietnamese fishing boat, the volcanic eruption in Indonesia, the lasts Egyptian election…”
Before he had a chance to go any further, she slams her hand on the table and says, “Darling, if you don’t know what’s wrong with the stock market, why don’t you say so!”
If anyone has a better answer, I am all ears . . .
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
9 Responses to “Why Are Treasury Yields Falling?”
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