4min chapter

Animal Spirits Podcast cover image

Talk Your Book: The "Tech Heavy" Nasdaq

Animal Spirits Podcast

CHAPTER

Why Didn't Rates Go Higher?

The 10 year peaked at like four and a quarter, Michael. Why do you think rates didn't go higher when inflation was 9%? Demographics is a big one. As the population ages and the workforce shrinks, you naturally get a slower growth rate. And so I think if we get a year from now, we'll probably have inflation back to that level or a bit below it.

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