Luke Gromen says today’s U.S. bondholder mindset echoes the response to William Jennings Bryan’s 1896 gold speech, when bonds went on to post weak real returns for decades. He argues such cycles can repeat, with gold central to dollar and trade rebalancing.
published
Luke Gromen says today’s U.S. bondholder mindset echoes the response to William Jennings Bryan’s 1896 gold speech, when bonds went on to post weak real returns for decades. He argues such cycles can repeat, with gold central to dollar and trade rebalancing.
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