Fed Funds
topic on 2 shows · 6 statements across 6 episodes
6 statements about Fed Funds, every show
Multi-strategy SMAs let institutional allocators borrow at Fed funds plus 20bps
“The real unlock when you think of an overall plan like UTIMCO or SWIB, you're implicitly borrowing money at Fed funds plus like 20 basis points.”
Chamath predicts the Fed funds rate will reach or breach 5%
“I think you're going to see fed funds at or breaching five percent.”
Chamath: U.S. CPI over 5% never dropped below 5% without Fed rate matching it
“We've never seen a moment in history, in American history, where when CPI has printed successively above five percent, that it got under five percent without fed funds getting to that same number.”
Chamath: Lowering CPI above 4.5% historically required Fed rate above 4.5%
“We've never in the history of America ever had CPI print above four and a half or five percent without inflation being brought down by having fed funds not also be greater than four and a half or five percent.”
Fitzpatrick: Soros leverages public equities at Fed funds plus 20 bps
“We can borrow against our public equities at Fed funds plus 20 basis points, lever up this safe but esoteric private credit, and it works really well.”