Sunday, June 23, 2019

Ten year back to the low side of normal

2.04%. I define normal as a long term dissipating impulse response.  My view is 2.5 is high end f normal, normal means the double entry account prediction based on Dr. Euler. A narrow goal post, anything close to 3% and my MMT bet goes up. Productivity growth continues, and forces us to spend time in deflation.  If we grow a continued 2%, government sector needs to expect deflation.

No comments: