AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
What's Happening In Global Macro?
The Macro Trading Floor
The Decline of the Real Equilibrium Interest Rate in Europe
The only sustainable shift I could see that makes this really higher real equilibrium interest rate is if we shift more sustainably towards the dominance of capital to the dominance of labor. If you want to onshore back old car factories and all the manufacturer jobs that you have offshore from Europe to Eastern Europe or to Eastern Asia or to anywhere you have well then you're going to have some scarcity of labor problem. That brings back wage bargaining power and it brings back labor over capital which has been one of the reasons why our star and equilibrium real interest rates have also dropped recently honestly thoughIf you listen to the CEOs they are talking about a safer and more diversified offshoring so they're talking about Malaysia
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode