Likely at largest disconnect between growth and forward NGDP level, to SP 500 equity levels. Forward NGDP 7 years and growth of NGDP to that level from now until then, suggests SP500 now ready to drop 50%, or US Treasurys 10 year required to back to 5%.
https://t.co/ownqws2Ber https://t.co/w2Je891cy1