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    Joint Economy

    In the middle of all the public discussion regarding climbing inflation, it is a bit shocking that investor assumptions of future rising cost of living have actually been dropping. Particularly, the breakeven prices for the five-year as well as 10-year bonds have fallen steadily because mid-November. The breakeven price is the difference in between the yield on regular Treasury bonds and bonds secured from rising cost of living. Yet beyond this global average, how did earnings alter in nations worldwide? In the previous graph we saw that it was only after 1650 that living standards in the UK did start to enhance for a sustained period. Before the modern era…