#56: Joseph Wang On How The Fed Forever Altered The Investing Landscape
Superinvestors and the Art of Worldly Wisdom
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The Fed's Quantitative Tightening Strategy: A Wake Up Call
The last time the Fed really tried a prolonged quantitative tightening period through 2018, it ended in the Rio Fiasco in 2019. That was kind of, I think, a wake up call as to the ability of the Fed to normalize the balance sheet. So going forward, that's going to be the constraint on how far the Fed could do quantitative tightening. And people like Paul Singer and Stan Druckenmiller, Ray Dalio and Britt Potter have warned that we're entering a new era for the economy,.
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