Jon Sindreu on Global Financial Flows and the Balance of Trade
Macro Musings with David Beckworth
00:00
Global Savings Are Driving Interstrates Down, Right?
The idea that all of this equilibrates or is caused by a certain level of interest rates, we know is not the case. What really drives interest rates is a big part of the story. And then some other issues we'll get to as wells in terms of lik balance of payments, accountings and and other stuff. I find it an even bigger like, you know, you you're like putting several levels of indirection already from ... causal mechanisms that we know operate in the real world.
Transcript
Play full episode
