The Boomers Are Pulling Capital Out of the System

Lee Rose: The natural rate of interest rates is in the 5 to 6 percent range. He says we're not going to go through one of those either where you suddenly have such an inflationary surge that your only solution is to jack rates up to 20%. Lee Rose: It's interesting that the US is still dominant when it comes to its role in central banks, but it has a lot more competition than it used to.

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