Interest Rate Insights
Michael reflects on the consequences of low interest rates and recognizes those who warned about the potential market distortions. Ben agrees, emphasizing that the Fed's delayed response and subsequent aggressive rate hikes created a double whammy for the economy. They highlight the unprecedented speed of recent rate increases compared to historical trends, underscoring the urgency of the situation.In this clip
From this podcast
Animal Spirits Podcast
The Panic of 2023 (EP.299)
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