Inflation Is Ticking Up and We've Got to Cut Risk

The Fed hasn't begun raising rates but they're talking about it at what point do you start to say the 2022 and forward era is going to look very different than the decade from 2021 back where do you say all right this is the line in the sands and we have to adapt to what's coming well i joined the government in july of 2021 and which was a pretty good year in the equity markets yes. By the fall of 2021 and particularly in November i was convinced that we needed to start cutting risk in our portfolios because um we had a period of the pandemic where we saw a reversal of monetary policy back to zero rates and increased qe, he says.