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Jack Bogle of Hedge Funds (guest: Andrew Beer)

The Market Huddle

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Can the Fed Keep Increasing While Not Keeping Up With Inflation?

With rates at three % and inflation at nine%, real rates are well negative. If employment doesn't drop through the floor, it seems like this policy would actually be good at decreasing the debt burden. So can the fed keep increasing while not keeping up with inflation? Or does this picture have to change, either due to employment or inflation falling? Any thoughts or predictions you ant tike despacigme? Well, i'll just comment that it is certainly a the financial repression narrative, which is how they're destroying debt by by having deeply negative real rates. And it's a function of the fact that there is so much debt in the system. But my suspicion is that we will get

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