
MacroVoices #359 Lyn Alden: 2023 Macro Outlook
Macro Voices
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The Debt Clock in New York
Interest rates were collapsing all the way down to almost zero. A lot of people said, wait a minute, this is causing governments to spend beyond their means. The combination of smaller deficits and falling interest rates really helped keep a lid on that for the next couple of decades. Now we're likely entering another more structurally inflationary period just due to the commodity cap X cycle,. supply, side constraints, higher interest rates, more money creation.
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