“Out of the woods” versus the “new normal”: How and why market views on interest rates have changed

Behavioural Finance Investment Industry Markets

For a long time after 2008, asset prices suggested that most investors believed low interest rates to be temporary. The most common view, whether conscious or subconscious, seemed to be that once we were ‘out of the woods’ things would return to normal.

We have written before about how this… Read the article