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Recent blog posts by Joe Davis
Global bond yields hover near all-time lows. In the United States, a 10-year Treasury note yields less than 2%. In Europe and Japan, the bond markets have tumbled through the looking glass into a world of negative interest rates. About … Read more
At the start of 2016, global stock markets plummeted, rattled by China, oil, and fears that the Federal Reserve was dangerously out of step with monetary policies in Asia and Europe. The turmoil fueled speculation that the United States might … Read more
On Friday, the Commerce Department’s revision to fourth quarter GDP indicated that the U.S. economy expanded by 2.4% in 2015, consistent with our expectations. In the year ahead, growth will most likely moderate toward 2%, our estimate of its longer-term … Read more