3 min listen
Why You Can’t Blame The Fed For Ultra-Low Interest Rates And Soaring Asset Prices
FromOdd Lots
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Length:
41 minutes
Released:
Jun 11, 2020
Format:
Podcast episode
Description
One of the characteristics of the pre-crisis (and perhaps also the post-crisis) economy is the presence of very low interest rates, and financial asset prices that are expensive by historical standards. Of course, a lot of people are inclined to blame the Fed for this. But the real issue precedes the Fed, and in fact the Fed (and other central banks) are only responding to political decisions that depress consumption, investment and inflation. On this episode, we speak with Jon Turek, the author of the Cheap Convexity Blog, about how policies all around the world that suppress consumption and encourage exports are the real policy choices that lead to low rates and expensive financial assets.
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Released:
Jun 11, 2020
Format:
Podcast episode
Titles in the series (100)
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