Sell-off Watch, Ad-vantaged, Cyber Pains & Gains 8/10/23
The Exchange
00:00
The Fed's Lessons for the Next Chapter
The takeaway for the Fed is very simple. Long rates are less anchored globally if Japanese investors can go home and get a 1% yield instead of a 0%. I think another maybe under-reported or under-appreciated development is this so-called deflation in China. The US has been leading the world in two things. We're number one in interest rates when it comes to the development world. And our GDP is looking pretty remarkable if these third quarter numbers take them with the grain of salt because it's early in the quarter.
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