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The current bond yield stagnation mirrors late-1800s ‘long depression,’ economist suggests

davfordavfor
in The OT Bullpen
I have been wondering if yields might remain very low until prolonged and massive global public sector deficits combine with supportive central bank policies to finally break the back of the current cycle (someday). This short article suggests this hunch may have some historical support.
....technology can offer a route out of the slump providing the gains extend beyond the behemoth companies. However, an acceleration of wages is also important.....while the appeal of Modern Monetary Theory (MMT) puzzles some investors, Perkins suggested that “the left might actually have history on its side."

https://cnbc.com/2019/11/29/ts-lombard-current-bond-yield-stagnation-mirrors-late-1800s-long-depression.html

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