Amid ongoing debates, the unfolding of the current economic cycle appears to align more with the 1970s than the World War II era, based on available data.
Despite the ongoing debates, the current economic cycle has unfolded much more like the 1970s period than the World War II era up to this point.
To put this into perspective:
During the 1940s, the 10-year yield never surpassed 2.5%.
Today, we are essentially double that… pic.twitter.com/L6a74fO8iT
— Otavio (Tavi) Costa (@TaviCosta) October 25, 2023