Looking at my Universal Economic Calculator, I discover there are now five independent term structures active where a month ago there was four. The current active are 3 months to 2 years, 2 years to 7 years, 7 -10, 10-20 and 20 -30. So, all the bets are in, and Finance is trying a little inflation on for size. Will it hold?
If technology comes out with a good story on beating oil, then yes, it might hold. The key is that if we suffer information technology shock, then information technology cannot be held back. Even as we move forward with restructuring of local government, technology should move into transportation unhindered.
No comments:
Post a Comment