Insights for Navigating an Uncertain World
“What’s happening? In short, a meltdown. Longer-dated bond prices, the most sensitive to interest-rate changes, have fallen some 46% since their early pandemic peak in 2020, according to Bloomberg data. That’s the biggest decline on record and a move that matches the 49% drawdown in stocks that followed the tech-market bubble in the early 2000s.”
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts