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My new oped: Where Will the Global Bond Rout Hit Growth and Equities? by Nouriel Roubini @ProSyn https://t.co/nVPajXdlP2 In the US, the recent rise in bond yields is largely driven by structural factors like the end of the post-2008 Great Stagnation, higher potential growth from tech-industry investments, and greater private-sector demand for credit. Higher yields are more worrisome for advanced economies that are stagnating and innovating less.