AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
Slaying the Inflation Dragon | Jurrien Timmer
Forward Guidance
The Fed's Yield Curve Control Strategy
Since the financial crisis I look at flows a lot and from the financial crisis until the pandemic with yield slow and the stock market actually doing extremely well almost no retail or investor flows went into the stock market. But meanwhile the bond market saw three and a half trillion dollars of inflows which is about 15% of the Barclays Ag okay so there was a very lopsided move into bonds versus stocks but you can see right now that even if nobody sold any bonds you know your money is going to be worth less of course if yields go up. So what I'm trying to describe is there could be a lot of dry powder waiting to exit the bond market and enter the stock market or other
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