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Friday Focus: Financial Turmoil – Robert Kaplan

The Munk Debates Podcast

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Inflation Rates Are Normalizing, but We're Only Approaching Yields on Short and Long Duration Debt

I don't rule out the moment, you know, when the S&P falls below some certain magical benchmark and suddenly it's much more about bond yields. The pace of hikes are the fastest ever, but we're only approaching yields on short and longer duration debt which approximate the pre great financial crisis era. And that's what people need to understand is that in an era of inflation rates are normalizing.

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