MacroVoices #353 Luke Gromen: The Fed Is Headed For Difficult Decisions
Macro Voices
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Is It a Government Death Spirale?
Luke Reynolds: I think we're going lower than this on both stocks and bonds. How does the system break? And is it a government death spiral that we need to worry about first? Or do other things like a wholesale failure of pension systems around the world lead the way before we even worry about something like that? He says you've already probably started to see it in the more sensitive things, right? So you saw it in the British LDI, the leveraged guilt pension scheme, right? That needed to be bailed out.
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