Is it Time for European Banks to Shine? w/ Seamus Murphy
Real Vision: Finance & Investing
00:00
Where Do You Think Rates Peak?
The rate markets are being absolutely wacked in the last month or so. And we still think it's actually still biased upwards. We're assuming that it works because central banks won't go down without a fight. One of the countries where we believe rates could be significantly and have been, you know, quite bearish is actually the UK. It has had to adjust its growth basis on a per capita basis to get the UK back into the trajectory where we have real GDP. If we were to do that today, if we were to put our premium to the US at 11%, then interest rates probably should be somewhere between 10 and 2%.
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