Economic Cycle Research Institute(ECRI): Disentangling Cyclical from Structural

third-wave-finance-1-17-2017



Important presentation from the Economic Cycle Research Institute(ECRI) that reinforces many of the ideas discussed in the Third Wave Finance post entitled The Persistent Fallacy of Rising Rates:



 


From the Economic Cycle Research Institute(ECRI):

  • “many are making the leap that the 35-year bond bull market ended last summer. . . the problem is that they may be conflating the structural & the cyclical”
  • “we have a chilly core of structural deflation and lowflation, and a sizzling crust of rising cyclical inflation pressures”
  • Disentangling Cyclical from Structural

 

 




 

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