To Survive Disasters, You Need Smiles (guest: Steve Hou)
The Market Huddle
00:00
I've Been Surprising About Long-Term Inflation Swaps
The bond market has never really bought into that distinct anything but transitory. No matter how much markets keep being surprised by realizing inflation as it's up higher, you quickly reverse back down to around 2.5% or 2%. People don't believe it. And I've wondered if we're going to have the opposite in this environment where real rates stay anchored too low.
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