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Recession, no recession, inflation, deflation – interest rates should be the same or higher throughout 2024, because Federal Debt to GDP is 120% now, and Econ 101 graphs should actually be applicable now. The inexorable rise of interest rates.
December 5, 2023
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← Jim Grant and Jim Bianco discuss the bear market in bonds which began in 2020. Mr. Bianco’s conviction is a 5.5% 10-Year in 2024. Could a Lis Truss moment hit the U.S. whereby bond markets enforce fiscal discipline that government themselves will not?
1970s and 80s apartment buildings in 2021 and early 2022, not ideally located, were selling at 3.5% cap rates, says Lee Everett of Waterton. He says “dark days” lie ahead in multifamily. →
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