Are Markets Hooked on Low Rates?
Robert R. Johnson
Wall Street is booming – the Dow Jones industrial average and the Standard & Poor's 500 index have both hit all-time highs, and equities have nicely tracked progress in the wider economy. The current economic expansion is 84 months old, nearly twice the age of the average expansion since 1900, which was a mere 46 months.
Divine, John, "Are Markets Hooked on Low Rates?" (2016). In the News. 1541.