Chart of the Day: Return to normalcy

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Today’s charts comes from a recent BBC News collection of “top economists” favourite charts. I’ve selected two that resonate. The first is from Vicky Pryce, FTI Consulting and essentially charts how the breakdown of the EU is just a return to normalcy, as 10 year bond yields go back to pre-EU integration levels, reflecting the underlying sovereign risk:

But then the second chart, provided by Andrew Lilico of Europe Economics, purports to predict the growth rate of the UK using its own 10 year gilts yield (index linked):

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