John Brynjolfsson Quotes
Your risk markets -- equity markets, corporate bond, high yield, emerging-market bonds, currency markets and commodity markets -- are all pricing in extremely high risk and robust growth. In contrast, the TIPs market is pricing in weak or modest growth.
Tweet
Risk | Markets | Equity | Corporate | Bond |
comments powered by Disqus
It doesn't create a home run when inflation goes up, and it doesn't create a crater when inflation goes down. What it does is keep the bonds' earning stream in line with the underlying real economy.
- John Brynjolfsson
