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T-Bonds Are Universally Hated, Not a Single Economist Expects an Economic Downturn
This doesn't happen very often. Marketwatch reports that Jim Bianco points out in a recent market comment that the 67 economists taking part in a regular Bloomberg survey have a unanimous forecast regarding treasury bond yields: they will be higher 6 months from now. This is a truly striking result, and given the well-known propensity of mainstream economists to guess wrong (their forecasts largely consist of extrapolating the most recent short term trend), it may provide us with a few insights. In fact, considering that there have been only a handful of instances since 2009 when a majority of the economists surveyed ... (full story)