Bogleheads On Investing Podcast

Episode 65: Dr. Qian Wang, Vanguard economic and market outlook of 2024, host Rick Ferri

13 snips
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.
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ANECDOTE

Name Anecdote

  • Dr. Wang's name, Qian, is the same pronunciation as the Chinese word for "money."
  • She joked that money was coming to the podcast.
INSIGHT

Sound Money

  • "A return to sound money" means persistent real interest rates exceeding inflation.
  • This allows for solid risk-adjusted returns for long-term investors.
INSIGHT

Crypto and Sound Money

  • Cryptocurrencies gained popularity due to concerns about monetary policy devaluing fiat currency.
  • Positive real rates may alleviate this concern.
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