Tugs of War
Written by Jeff Thredgold, CSP, President, Thredgold Economic Associates
Long-term interest rates and oil prices have been embroiled in frantic tugs of war in recent weeks, as rising expectations of economic stabilization and an impending return to modest U.S. economic growth have pushed such rates and prices higher. Even higher long-term interest rates and higher oil prices could slow the economy and make the expected economic rebound even less dynamic than currently expected (see “Another Consensus View” below). (more…)
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