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#47: David Hay On Balancing Risk Management With Timely Opportunism
Superinvestors and the Art of Worldly Wisdom
The Fed's Tolerance to Inflation
The Fed's ability to get interest rates above the inflation rate is extremely limited. And so I think at some point we have to do the calculation between nominal real interest rates. So you could, I guess, get to 2 and 3 eights nominally, but in real terms it'll probably still be negative.
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