Tom Keene Talks to Ed Yardeni
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What flavor of crisis are we having right now?
All in all, we are still trying to dig out from under all the debt that accumulated over the past decade.
The 10-year yield is now around 3 percent. What does that say about expectations for slow growth?
The bond yield to me is the market's assessment of what the growth rate is for nominal GDP on a year-over-year basis, and 3 percent is pretty pathetic.