How Do Bonds Respond if You're Going to Have Another Way?

Tyler Cowen: I think the new floor for inflation is more likely be 4%, or whatever, 3.5, 3.25. He says there's a shortage of younger workers in the US and onshoring because it's cheaper elsewhere. "I'd rather express my thoughts about this through stocks and maybe gold," he says.Cowen: The biggest driver of gold is real interest rates - which are still negative.

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