The Impacts of Higher For Longer

Real Vision: Finance & Investing

Real Vision

News, Business News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 8 November 2023

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

🚀 The Exponential Age is going to permanently change the world on every level, including your day-to-day life. Have it work in your favor - https://rvtv.io/3FAb8hj Stocks slipped a bit and bond yields continued lower, as investors mull over some key statements from the Federal Reserve. George Goncalves, head of U.S. macro strategy at MUFG, joins Ash Bennington to explain his Higher for Longer Paradox thesis, why he expects a prolonged period of higher interest rates, and the potential economic implications of such an environment. Don’t forget to check out the Exponentialist — a new, premium research service from Raoul Pal and David Mattin detailing how exponential technologies are reshaping our world… and what that means for investors: https://www.realvision.com/thefuture Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	People are going to lose their minds. This is a moment in history unlike anything humanity's gone through.
0:05.2	It's a very different world for humans to come.
0:06.9	Take a step back and see the broad picture, which is the way all these technologies are interlinked.
0:13.4	Because this is all about exponentiality and humans can't think in exponential terms.
0:18.0	How consequential do you want to say machine intelligence is?
0:21.4	It's almost certainly as consequential as writing.
0:24.6	How long did writing take to disseminate through the human population, you know, hundreds, thousands
0:29.8	of years?
0:30.8	And we're dealing with it now on a scale of months. But in this kind of world you're
0:34.7	compounding 100% growth every year and the numbers become astronomical. AI is going to
0:41.0	spot patterns in the world that were just completely invisible to us.
0:45.3	Even if you think that the AI and the robots are your demise,
0:48.9	you might as well be investing and make some money out of it.
0:51.5	If not, you're just going to be angry man shaking your
0:54.0	fist at the clouds. What are the impacts of higher for longer? Welcome to Real Vision Daily Briefing. It's Wednesday, November 8th,
1:15.0	2023. I'm Ash Bennington. I'm joined today by George Kunkalvas, head of US macro strategy at M U F G.
1:23.0	George, welcome back to Real Vision Daily Briefing.
1:25.3	Thanks, I was just to be with you.
1:27.2	It's a pleasure to be with you, too.
1:28.1	First time the two of us are on this show together.
1:30.3	I'm excited to dive in and get started.
1:32.0	Look, we tease it a little bit at the top of the show asking about the impacts of higher for longer. All eyes right now on price and inflation data, global central bank policy and Financial Conditions.
	...

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