Posted To: MBS Commentary
10yr yield hit 1.382 overnight All-time low was 1.381 in July 2012 Welcome to the New Normal We had a great discussion in the live chat on MBS Live yesterday about the origins of the phrase "the new normal." Back in 2009, the "new normal" was, at its core, merely a reference to the "differentness" of this recession/recovery cycle. Analysts and investors were grasping at ways to convey that the so-called recovery would be much less fulfilling than recoveries of the past. Incidentally, two of the tenets of the "new normal" at the time were "runaway inflation" and "a bear market for stocks ." If you're at all familiar with what's happened in stocks and inflation since 2009, you know how those bets panned out. One thing the proponents...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/29c0EoU
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