«A
bear market in bonds calls
for more than a global
cyclical upswing, as not all forces that dragged yields down over the past decades have suddenly vanished,» argued Peter van der Welle, a strategist at Robeco.
If July turns out to be the low point
for this
bear market, it will then mark the second highest level of valuation that a
cyclical bull has ever started from (the highest starting valuation level was in 2003).
For more on the terrestrial foods topic, see my detailed discussion in this previous post, and this recent (March 30) ScienceNews report on yet another, largely anecdotal «polar
bears resort to bird eggs because of declining sea ice» story (see photo below, based on a new paper by Prop and colleagues), which was also covered March 31 at the DailyMail («Polar
bears are forced to raid seabird nests as Arctic sea ice melts — eating more than 200 eggs in two hours,» with lots of hand - wringing and sea ice hype but little mention of the fact that there are many more
bears now than there were in the early 1970s around Svalbard or that the variable,
cyclical, AMO (not global warming) has had the largest impact on sea ice conditions in the Barents Sea).