Indeed, with these interest rates it was believed that money had value.
People thought that money was 'more valuable today than in the future.'
This differential fusion of monetary value and time created the concept:
Time Value of Money that all modern finance is based off.
Yet there are developments worth noting; if for nothing but a snapshot in time...
The Yield Curve
If equities are a stream: Treasuries are the ocean. The domain of whales.
Here, we measure tremors as basis points %'s as earthquakes. A sea of $Trillions.
After a decade of smooth sailing, the water is stirring...
So what do you do?
Stay the course, work hard, live your life.
I've got one more semester of school left before I take the CFA and break into the industry.
The Macroeconomic landscape is certainly fascinating right now. Truly uncharted territory. But market timing?
Watch that yield-curve though: It's trying to tell us something...