10-year bond yield
On David Lin’s show, Arthur Laffer framed the 10‑year Treasury yield as his key gauge for U.S. long‑term prospects and dissected it into TIPS (real) yield and expected inflation components 1. He argued higher yields are good if driven by higher expected real returns on capital, but bad if driven by higher expected inflation, and said recent TIPS and 10‑year moves give him no reason to change monetary policy due to oil shocks 1. Laffer linked falling bond prices alongside a strong stock market to an increase in expected real profits over the coming decade 1.
From the window to Sep 26, 05:30 ET — this window's take is still to be written.
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The stories
- ○ a voice, on the left
- ◌ a voice raising half of these
- ● a subject, on the right, under its story
- ⌒ a line is a voice raising a subject — thicker, more items; colour is the story
The stories this entity travels in: on the right, each story with the subjects seen alongside it; on the left, the voices that raised them, and a line for every subject a voice raised, bundled by story. Tap a voice to light everything it raises, a subject for who raised it, a story for its own lines. The crumb goes back.
Who brings it up
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