Bonds signal recession. Stocks have been buoyant. What gives?
Stocks may have been ahead of bonds on inflation risk
WAR! FAMINE! Death! AIDS! This is how Bill Hicks, a revered comedian who died in 1994, aged 32, riffed on the disorienting effect of watching cable news. Homelessness! Recession! Depression! The shocking headlines come at you relentlessly. But look out of the window and everything seems calm. The only sound is the chirping of crickets. You start to wonder, said Hicks: where is all this bad stuff happening?
This article appeared in the Finance & economics section of the print edition under the headline “Double-glazed”
Finance & economics April 9th 2022
- Are labour markets in the rich world too tight?
- The Federal Reserve prepares for quantitative tightening
- The American property market is once again looking bubbly
- Bonds signal recession. Stocks have been buoyant. What gives?
- Omicron is dealing a big blow to China’s economy
- HDFC Bank’s merger marks a milestone for India
- Has the pound become emerging-market money?
- China has a celebrated history of policy experiments
From the April 9th 2022 edition
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