The Four Pillars of Macro with Andy Constan
Excess Returns
00:00
Higher for Longer - Is That a Goal?
High interest rates are a headwind against that otherwise bullish conditions for equities. I could see where higher for longer ends up with equities holding its range. But the thing about the higher for longer scenario is that is not a goal. That is a short-term destination that leads to normality through either a soft landing or a recession. And in my view, this idea of the soft landing just doesn't make any sense"
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