Stock Market: Why Tony James's Bearish Call Makes Sense | Fortune: James cautioned that rates may soon jump. “The economy has been picking up for a while,” he said. “If you’re worried about interest rates and inflation, the stimulus [from the new tax cuts] could be the thing that tips us over to a rate spike.” The yield on the 10-year Treasury has already surged to 2.8%, a four-year high. James is essentially saying that rising real rates will undermine today’s giant valuations. He might have added that when markets turn volatile–and they just did–investors are going to demand a much higher ERP to own stocks.
Бузову уличили в�примитивном плагиате мирового бренда | Новости | Пятый канал https://www.5-tv.ru/news/204006/