U.S. Retail: Mining for Gold Amid Abandoned Malls
IBKR Podcasts
00:00
Credit Crisis
It takes usually four years on a credit crisis. A recession, it can last 13 months, and it's over. So I'm not concerned that we're going to see interest rates go 200 basis points above the CPI number. Because that would create a creditrisis. That's what happened in 1980. When Volcker came into power, he jumped them 6% above to break the psychology of inflation. And I think this gradual increase we're seeing that people are cutting back is normal.
Transcript
Play full episode
