Bank of America Strategist Attributes 'Booms, Bubbles, and Debasement' to 312 Rate Cuts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 24 2025
0mins
Source: MarketWatch
Global Rate Cuts: Central banks worldwide have made 312 rate cuts in the last two years, mirroring the 313 cuts made in the two years following the 2008 financial crisis.
U.S. Economic Growth: During this period of monetary stimulus, the U.S. GDP has grown by 11%.
Market Commentary: Bank of America’s chief investment strategist, Michael Hartnett, notes that the current asset market commentary is dominated by themes of "booms, bubbles, and debasement" due to extensive monetary stimulus.
Investment Recommendations: Hartnett's recent recommendation to buy zero-coupon U.S. Treasury bonds has proven to be a successful strategy since the summer.
Analyst Views on ZROZ
Wall Street analysts forecast ZROZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ZROZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
