Some time ago, I wrote a post about the fascinating data collected by Paul Schmelzing who showed that the real rate on long-term government bonds is not stationary over time but follows a very slow downward trend over the centuries.
Great information. This makes me think of the book THE GREAT WAVE by David Hacket Fisher.
Is there any similarity?
Thank you for all your posts.
Great information. This makes me think of the book THE GREAT WAVE by David Hacket Fisher.
Is there any similarity?
Thank you for all your posts.