"I think rates can go a lot higher than what people it the markets pressing inror," he says. "The only tool he really has is interest rats, and thats he'sgoin to gon do." The Fed could print money but that would just make things worse for those who are already suffering from joblessness or high mortgage costs. It will not have a crash because we have much tighter credit standards now, John Sutter argues.
MacroVoices Erik Townsend and Patrick Ceresna welcome Harley Bassman (Convexity Maven) to the show to discuss the relationship between inflation and bond yields, why the stock market has been so resilient in the face of worsening macro data, and much more. https://bit.ly/3zkH2Mp
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