Surveillance: El-Erian's Fed Outlook
Bloomberg Surveillance
00:00
The Risk of a Negative R-Star Funds Rate
David Rosenberg: Blanchard feels that over time, we will return to some form of Qias and R-Star. John Williams has staked out the high ground saying we'll return to R-Star; others go the other way. He says aging demographics is a deadweight drag on the economy already. And it's going to have monumental impacts on structural shifts to the labor market, labor-saving technology.
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