Tag Archives: Barbell Approach


Low Short-Term Rates for a Long Time?

Author: David R. Kotok, Post Date: November 4, 2015
Low Short-Term Rates for a Long Time

We are likely to have worldwide near-zero short-term interest rates for at least another two years, maybe three or four. The implications for stocks, bonds, and currency exchange rates are huge, as we will explain below. Let’s define worldwide short-term rates as a weighted average (by size of capital markets in advanced economies, not by […]