The Big Bond Outlook
Raoul Pal: Real Vision
00:00
Is Kiwi Dead?
Is Kiwi dead? Was it coming back again in the bottoms of a business cycle? I think the Kiwi still owns toolbox to the Fed. We'll always be here. It's just saying, when you've been here before, half the time you generate a capital gain. Yeah, it makes sense where we are in the cycle and the flows and all of the stuff. But it's kind of a stupid model. It doesn't know anything about business cycles or so forth.
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