Long Term Rates

“And if Trump wins, which it looks like he's increasingly going to do, and if he wins by the margins that it looks like it's going to do, you're going to see a lot of these things exacerbate. Gold's going to go up more probably. Bitcoin will probably go. The sh…”

“Unless the political system gets serious about reducing deficits, even if inflation comes down, and even if the Fed cuts short-term rates, you're gonna have a problem with long-term rates remaining high, and that is gonna keep the cost of capital high, and tha…”

“We know the yield curve is very inverted, and it has been inverted for a long time, so short-term rates are well above long-term rates, and they've been that way for almost a year.”