Jolt from Japan, Count on the Consumer?, and Shipping & Shoes 12/20/22
The Exchange
00:00
Is This Just Another Tip of the Iceberg?
I think you can make the argument, if you were just analyzing US growth and inflation stats, that the 10-year should go to three. And if it did that, it wouldn't be for good reason. It would be because these governments and these central banks further lose control of their bond markets like the Bank of England did. There's one other thing to watch for here: Something called structured products. This is something that was sold heavily in Japan to people who wanted more yield. A lot of those are going to lose a lot of money if interest rates rise.
Play episode from 09:16
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