Wed Feb 17, 2021
The Goldman Sachs Commodity Index is in the top panel. The large panel is the 30 year bond yield. At bottom is the correlation between the two. It is clearly positive and the two
closely track one another Spending trillions of dollars one does not have causes this, that and an end to the decline in interest rates from 1982. Carl Swenlin at Decision Point writes this is not a long term reversal yet but I suspect it is.
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