Secular Stagnation
topic on 1 show · 2 statements across 1 episodes
2 statements about Secular Stagnation, every show
Secular Stagnation Is a Policy Choice, Not an Inevitable Reality
“Secular stagnation is a euphemism for policy failure, meaning that secular stagnation is a choice.”
Assuming Long-Term Rates Can Only Fall Is Global Markets' Biggest Risk
“I think the number one risk is the assumption that long-term interest rates can only go down. That's the number one risk. That underpins, I think, Nearly every major asset allocation around the world. The assumption that we are perpetually mired in some sort o…”