Bloomberg Surveillance: Cathie Wood On Bitcoin
Bloomberg Surveillance
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JOMO vs FOMO and Inflation Implications
The speakers explore the concept of JOMO (Joy of Missing Out) and its contrast with weaponized FOMO (Fear of Missing Out). They also discuss the possibility of uncomfortably high inflation in 2024 and its impacts on consumer sentiment, the Fed's flexibility, and fixed income investments. The chapter delves into the potential need for rate hikes in 2024 and highlights the changing messaging from the Fed regarding inevitable rate cuts.
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Transcript
