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Secular Stagnation and Interest Rates

Lack of shared prosperity and high unemployment lead to financial insecurity.

Under the guidance of monetary policy, interest rates have recently reached record low levels. In August 2019, the market value of investment-grade bonds that traded at a negative yield in the United States was $17 trillion (about 30% of the total market value), and almost 70% of Euro government bonds did the same. Even some European junk bonds started to trade at a negative yield in the middle of 2019.1 While the COVID-19 pandemic has reversed the negative yield trend, the

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TAGS: Investment
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