Raoul Pal Previews the Future: AI, Crypto, QE and the next Phase of Human Flourishing or Upheaval
The Breakdown
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The Fed's Negative Yield Curve
The US economy is 220% of GDP in debt and interest rates are 4%. So they're going to have to cut rates, which backs out against what the banks are saying. And basically, we need a yield curve that is positively sloping,. But they won't do it until the banks really puke, which is the next phase of this... Then after that, the all backs out is the things that really matter to the Fed.
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