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Everything is Up This Year (EP.319)

Animal Spirits Podcast

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The Fed Keeps Saying the Full Impact of Our Actions Hasn't Been Seen

Last week, the Wall Street Journal had a piece about what Fed rate hikes much of America's consumer debt is still riding ultra-low interest rates. The whole point of the article was, why haven't higher rates hurt the economy because the consumer locked in such low rates? I beat them to this one. People just locked their debt in for so long that it's not going to be a problem for a long time," he says.

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