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Is There a New Regime?
The new monetary policy, a fiscal mix and so forth. Does it change how markets behave on a sustainable way? Or do we just sort of go back to this, like 60, forty goldi locks world in a year or two,. where by some text toxs and yo, buy some bonds, and there's a disinflation. And have it real asi no jou?" The risa regime change that is occurring. If you did not realize that we live in a disdisen inflationary world, if you didn't realize that bott labor and capital is losing price ind power, you're probably no longer managing money," he says.