In The Company of Mavericks: Uncertainty, Volatility & Risk with David Dredge of Convex Strategies
PIWORLD Investor Podcasts
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The Limits of Central Banking
This chapter critiques the common misconceptions regarding the influence of central bankers over economic phenomena like inflation and interest rates, emphasizing their failure to recognize the repercussions of their own policies. It explores the shift toward national capitalism amidst global competition and the complexities surrounding Japan's economic policies, including its prolonged zero interest rate environment and vast public debt. Furthermore, the discussion highlights the challenges of bond markets and currency stability among major economies, raising concerns about the viability of traditional economic models in today's interconnected financial landscape.
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