MacroVoices #383 Juliette Declercq: Update on Immaculate Disinflation Thesis
Macro Voices
00:00
The Risks of AI in the Global Economy
The tech driven productivity revival is not likely to benefit living standards. The dividends paid by a handful of mega cap big tech companies will mostly benefit. As a result, the new defensive trades will become long NASDAQ versus long tips. I think that aggregate demand will start sinking again without the need for substantially higher rates.
Play episode from 28:47
Transcript
