The reject inwards long-term involvement rates

Source: Council of Economic Advisers

Long term involvement rates are trending downward some the world. And it's non only since the slap-up recession as well as fiscal crisis. The same tendency has been going on for decades.

The Council of Economic Advisers only issued Steve Williamson reminds us all that at that spot is no "the" involvement charge per unit of measurement , as well as that the charge per unit of measurement of furnish on upper-case alphabetic lineament is both stable as well as much higher than authorities bond yields. There is a opportunity premium , as well as it's big , as well as it varies over time. Practically all macro as well as increment theory forgets this fact. Since I've spent close of my career emphasizing the size as well as volatility of the opportunity premium , I should recall this reminder inward every weblog post. Thanks for pointing it out Steve!