Historical correlations from before 2008 cannot be taken as predictive for the current environment.
Long term rates are low because the market expects that any economic weakness will be met with quantitative easing and that long term global interest rates will be negative.
The market is not predicting recession. It is predicting more interventionist economic policy to prevent recessions, which is a good prediction.
Long term rates are low because the market expects that any economic weakness will be met with quantitative easing and that long term global interest rates will be negative.
The market is not predicting recession. It is predicting more interventionist economic policy to prevent recessions, which is a good prediction.