3min chapter

Forward Guidance cover image

The Bond Market Has Spoken. Should Investors Listen? | Joseph Wang & Harley Bassman

Forward Guidance

CHAPTER

Inflation Is Not Transitory

Harley: We may have forgotten the fed had promised rates at zero until next year. A lot of people are basically baking on that happening and taking trades that would make money if that happened, he says. "I'm really getting kind of tired of what is going to give it up and admit that inflation is not transitory," Harley adds.

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