AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
The Bond Market Has Spoken. Should Investors Listen? | Joseph Wang & Harley Bassman
Forward Guidance
The Negative Real Rate
We have too much debt. We are a levered financial economy for good or for ill. And the way you get rid of debt is you either have massive growth like after World War Two, which is not going to happen. Therefore, inflation is a slow motion default. Is 8% good? No. But at least we take them off the boil so wages can catch up. Joseph: I think it would be a way to basically devalue the debt to the benefits of civilians.
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