Here Be Animal Spirits
The Jacob Shapiro Podcast
00:00
Oil May Have Made High, That May Be It
Oil may have made high. That may be it. We may not get above where we were now, i don't think that's going to happen a but i think there's a really good chance. The fed went from inflation is transitory to up. And they told everyone they're gong to raise until they kill inflation. But what happened in advance, because of the jaw boning and them sang, we're going to go really bad in threatening the market. mortgage rates. 30 year fixed rate mortgages, n a investment grade, yields went up to the highest level in 12 years. Now the economy has been driven on low interest rates. So forget how much they move short rates
Play episode from 48:37
Transcript
