The implications of rising rates, Zeihan

An intersting discussion on rising rates, where they are likely to go, and why. In short, much of the world cannot raise rates to curb demand because, demographically, they don’t have much demand. Contrary to us. However, we need to get rates up so that when we do have our next recession we have the tools to deal with that (i.e. rates are high and can therefore be dropped). Peter expects rates to go to 6%.

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