
Bogleheads On Investing Podcast
Episode 65: Dr. Qian Wang, Vanguard economic and market outlook of 2024, host Rick Ferri
Dec 21, 2023
Dr. Qian Wang, Vanguard's Asia-Pacific chief economist, discusses the economic and market outlook for 2024. Topics covered include a return to sound money, concerns about future inflation and devaluation of fiat currency, managing budget deficits, the implications of higher interest rates on consumers, valuation and expected returns of asset classes, and the fixed income asset allocation strategy.
58:13
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Quick takeaways
- Monetary policy will become more restrictive, leading to lower expected returns.
- Diversify globally, particularly in non-US developed and emerging markets.
Deep dives
Monetary Policy and Higher Interest Rates
The podcast discusses how monetary policy will become more restrictive in the future due to higher interest rates, resulting in lower expected returns.
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