AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
6min chapter
The Fed Is Not In Control Of The Eurodollar System | Hugh Hendry
Forward Guidance
Is There a Slowdown in the Economy?
I have not known an inflationry period that existed with a conservative, wrist shy banking system. Unlike the fed, private banki system creates money, and it just has lost its mogo. There are iffu institutional fire breaks, which make it profoundly difficult for agents of the government to create inflation. And then finally, there is a concern that the fed has gone wronga. They keep talking bout palvolker unles. That's a catastrophically suicidal a reference point. But please do not try that at the end of a supercycle where dead is approaching five times g d p. That will create, we're in a mild depression, and you risk sending us over the
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode