This is excellent. Just starting and El Erian has me thinking of fiscal dominance as explained by Lynn Alden. Also am I mistaken to see the guest as speaking more freely when not on camera? I appreciate the Japan question and answer. Let's not lose sight that it is/was a critical player on the recent air pocket in forex and knock on fall in US equities?
Lyn Alden isn’t the only one, the first economist to make the fiscal dominance call was Russell Napier back in early 2021. He is the single economist who got everything right for the past 4 years. The next shoe to drop is when central banks will accept to let negative real rates be the new normal to lower the debt burden. They would need a recession to justify that move .
This is excellent. Just starting and El Erian has me thinking of fiscal dominance as explained by Lynn Alden. Also am I mistaken to see the guest as speaking more freely when not on camera?
I appreciate the Japan question and answer. Let's not lose sight that it is/was a critical player on the recent air pocket in forex and knock on fall in US equities?
Lyn Alden isn’t the only one, the first economist to make the fiscal dominance call was Russell Napier back in early 2021. He is the single economist who got everything right for the past 4 years.
The next shoe to drop is when central banks will accept to let negative real rates be the new normal to lower the debt burden. They would need a recession to justify that move .
@@joegage1255 Thanks. I thought inflation was the default solution to unsustainable debt burdens?