
MacroVoices #327 Luke Gromen: Recession with Rising Yields is Entirely Possible
Macro Voices
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The U.S. Debt Crisis
Ruba is the best performing currency in the world on the ear. It's trading at 60 today. They're trying to defend their currency. And i think what we're seeing in ruba, gas energy, geo politics suggests it was a very big deal. The ultimate outcome is kind of what i let off with, which is the us. Has a structural deficit problem. It needs more buyers and of treasuries, rather than less preferably at negative real rates.
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