Richard Bernstein on Quantitative Analysis
Masters in Business
00:00
Fixed Income Money Management
The Fed is trying to disintermediate the economy by raising short-term interest rates. That's the whole point of monetary policy, and so people are saying, oh, short-term rates are competitive again. If we're right and the secular inflation backdrop is changing, I think fixed income money management will change dramatically over the next five, 10, 15, 20 years.
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