This is a follow-on to yesterday's post, where I argued that we are in a holding pattern regarding the thesis that global growth deceleration has ended. The equity markets are positioned as if that thesis is true. But the bond markets show greater caution.
The key is that both markets have rallied....
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.