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Photo illustration by The New York Times
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Janet Yellen of the Federal Reserve during a June news conference, as reflected in a specialist’s screen on the floor of the New York Stock Exchange. CreditRichard Drew/Associated Press
Can We Ignore the Alarm Bells the Bond Market Is Ringing?
The financial media tend to report breathlessly about what the stock market did yesterday. But savvy economic analysts have always known the bond market is the place to look for a real sense of where the economy is going, or at least where the smart money thinks it is...Caption:
Police search for evidence at the entrance to the Bank of Greece after a booby-trapped car exploded there on April 10, 2014 in Athens. (AFP Photo/Louisa Gouliamaki)
Greece returns to bond markets with a bang
Athens, AP—Buoyant Greek officials hailed the country’s return to the international debt market after four years as an overwhelming success on Thursday, with investors snapping up the five-year bond in a sale that was eight times oversubscribed. The finance...Caption:
An EU and a Greek flag fly in front of the ancient Parthenon temple, in Athens, on Wednesday, April 9, 2014. (AP Photo/Petros Giannakouris)