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The Future of Inflation
Vincent Cevallos: I think we're going to suffer from extreme financial repression way stronger than what we experienced in the 70s. He says if you just do a regression on where yields should be based on non-linear GDP, we should be looking at 10% 10-year yield, one and a half. But he adds that people get wrong about the bond market is that they keep thinking of the bond market as this kind of economic forecasting Oracle, right? All the bond markets never wrong, the bond market, when the yield curve in Brazil is a recession, so they try to think of like the bondMarket as some sort of a signal.