Mises Wire
Author:
Jeff Scott
Online Publish Date:
“ It’s the bond market, stupid !” (Economist): “An odd thing is happening in the market for risk and the market of the riskless, also known as the equity and government-bond markets: prices are rising in both. The S&P 500 share index, up by over 20% from its low earlier this year, continues to soar. Meanwhile, rising prices in the bond market have