Talking Like Volcker, Channeling Burns (guests: Rob Arnott, Brent Kochuba)
The Market Huddle
00:00
Do You Think the Market Is Increasingly Precious of a Recession?
The market is becoming concerned that he will push the economy into a recession. To him, hes the one thing, the mistake he does not want to make is becoming another arthur burns. The long end of the eld curve is set by bit and ask by the market defining what a the long term risk free interest rate should be. And so tacitly, when they push short rates above long rates, that's a yield curve inversion. What they're saying is, we want to crush demand. We want to make it expensive to borrow money on a short term basis to explore new product ideas or launch businesses. But i would argue that if the short rate is higher than the long rate
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