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Right now, we have a normal yield curve, with interest rates rising with length of maturity.
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The demographics of the attendees does not fit any normal bell curve.
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On the consumer banking side, a more normal yield curve would benefit banks like Morgan Stanley due to a better lending environment as banks can borrow short-term rates and lend long-term.
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Noted mathematician Carl Friedrich Gauss gave us the normal distribution or bell curve.
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To see what was going on, Dr Hansen superimposed the actual curves for each decade from the fifties to the noughties on a normal distribution, which acted as a reference curve.
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It used to be that Wall Street was functioning on the basic idea that financial events were subject to something very like a normal distribution, also known as a bell curve.
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