What is the significance of the 30-year bull market mentioned in the text?
Where Bond Forecasters Got It Wrong
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University
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Hard
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The video discusses the unexpected changes in bond markets in 2016 due to global monetary easing, Brexit, and other global factors. It highlights the historical trends in bond yields and the challenges faced by forecasters due to changes in Fed policy. The video also critiques the consistent errors in economic forecasting, emphasizing the need to consider global factors.
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How do global economic conditions affect US economic forecasts according to the discussion?
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