High bond yields imperil America’s financial stability
Talk of a “Goldilocks” situation belies real danger
Interrogating a fairy tale is not usually the best use of an investor’s time. But there may be an exception. The internal logic of “Goldilocks and the Three Bears”, and the idea that the economy can be “just right” for financial markets, merits some inspection.
This article appeared in the Finance & economics section of the print edition under the headline “Dangerous porridge”
Finance & economics September 2nd 2023
- How can American house prices still be rising?
- Which country’s genius deserves the €200 note?
- Europe’s economy looks to be heading for trouble
- Germany’s economic model is sputtering. So are its banks
- High bond yields imperil America’s financial stability
- China’s shadow-banking industry threatens its financial system
- How will politicians escape enormous public debts?
From the September 2nd 2023 edition
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