#47: David Hay On Balancing Risk Management With Timely Opportunism
Superinvestors and the Art of Worldly Wisdom
00:00
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.
Transcript
Play full episode
