079: Raoul Pal – The Biggest Financial Experiment the World has Ever Seen, Explained by a Global Macro Investor
Chat With Traders
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The Importance of Probability in Banking
In Germany we've seen some banks offering to pay people to take out a loan which is quite bizarre now that's only a short-term thing and it's based around incentives much like zero interest loans on cars. As a borrower you could actually get paid to have your debt maybe you can't borrow more debt at that price but maybe your mortgage if it's set to an particular base rate that's gone negative that your mortgage will go negative. If I look at risk reward I see a very large outside risk of a catastrophic event so therefore that's going to bias how I view markets right now because it makes me concerned by certain risk rewards there are other markets that are not involved in this at
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