AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
The Fed Put Still Lives | Vincent Daniel
Forward Guidance
The Crowding-Out Effect of Interest Rates
The Fed can't possibly raise rates to 3%, let alone 5%, because there would be a widespread default borrowing costs would go up. I personally think there's no way we could afford interest rates to go to 6% to 7% and stay there, right? If they stay there, then all of a sudden, we're talking about an interest expense line item on our balance sheet that is materially higher than almost anything else other than healthcare. That's freaking scary, that our interest expense is a bigger payment than defense. That's insanity.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode