Deflation Now, Inflation Later – The Sell of a Lifetime for Bonds
May 01, 2020 at 12:15 PM EDT
By Stephen B. Blumenthal, CMG Capital Management Group, Inc. Fixed income: We have a deflationary shock to the system. Generally in recession the Fed cuts rates 400-600 bps in order to get us out of the default cycle. The system clears. There is no room to cut rates much further. So the Fed...
