04/13/2017 - Dr. Lacy Hunt: “Secular Low In Bond Yields Remains In The Future”

Mish Shedlock: “The rate hikes various Fed presidents think will happen are pure Fantasyland material. Huge equity and junk bond bubbles are in play. The Shiller 10-Year PE is 29.2. The only higher numbers were 1929 and the dot-com bubble in 2000. The bursting of these bubbles will be anything but an inflationary event. Those looking for a steeper yield curve, might get it, but not the way they expect. When recession does hit or the stock market collapses, the Fed will be cutting rates, not raising them.”

LINK HERE to the article