Cumberland's Kotok Says a 5% Yield Would Be 'Excruciating'

What is one reason for the current flattening of the yield curve?

• Decreasing oil prices

• Rising unemployment rates

• Tax effects on pension plans

• Increased consumer spending

What could be a consequence of a 5% ten-year yield?

• A decline in the stock market

• Higher real estate values

• Lower mortgage rates

• Increased stock market prices

How might a trade war influence inflation?

• By stabilizing currency values

• Through reduced government spending

• Through increased sales taxes

• By decreasing consumer demand

What is the Federal Reserve's view on energy shock inflation?

• It is a result of monetary policy

• It is an exogenous shock

• It can be controlled by interest rates

• It is beneficial for economic growth

What could be a result of persistent higher oil prices?

• Lower interest rates

• Increased general price levels

• Stabilized energy markets

• Decreased inflation rates