

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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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.
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.
Crypto and Sound Money
- Cryptocurrencies gained popularity due to concerns about monetary policy devaluing fiat currency.
- Positive real rates may alleviate this concern.