Van R. Hoisington and Lacy H. Hunt

verfasst von CRASH_GURU, 14.04.2005, 07:57

-->The greater the
economies of scale and the degree of price competition,
the lower will be the inflation rate and inflationary
expectations. The fall of the Iron and Bamboo Curtains
restored the model more closely associated with the
one of freely competitive markets so well described
in economic theory. But, since Treasury bond yields
are ultimately determined by inflation, investors might
be wise to assume that they, too, are returning to an
environment that once prevailed, and will now prevail
again.
<ul> ~ http://www.hoisingtonmgt.com/HIM2005Q1NP.pdf</ul>

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• Van R. Hoisington and Lacy H. Hunt - CRASH_GURU, 14.04.2005, 07:57