Those Summer Recession Fears? Never Mind

“Rising Treasury Yields Quiet Investors’ Concerns”

–WSJ Headline (11/14/19).

Stock swooned last Summer, sort of, when the dive in interest rates — combined with uncertainty over trade wars, Brexit, and whatever else was in the air — convinced people that something nasty might be just over the horizon.

Fast forward a couple months.

Interest rates have rebounded, and stocks are setting record highs.

It all recalls the old joke about economists predicting nine out of the last four recessions . . .



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