实际利率
11月17
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当债务飙升时,实际利率则表现为深度负值
16:26 作者:RiskMacro往往当美国债务飙升时,实际利率则表现为深度负值 looking at 200yrs of smoothed US 10yr ‘real’ yields + debt-to-GDP ratios shows that real yields have always been deeply negative when debt burdens soared As I’ve said: periods …