2min chapter

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Are Bonds Competition For Stocks (EP.297)

Animal Spirits Podcast

CHAPTER

Is There a Going Back to the Old Normal?

Allison Schrager wrote a post, there's no going back to the old normal. She says it somehow became conventional wisdom that an aging population put downward pressure on interest rates. Ben: I just think that those levers, if we're in an economics class, where you pull a lever and this thing goes up, you push this things down? It doesn't work like that.

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