Why You Shouldn't Get Too Comfortable Holding Risk Assets
What's the "Waller Rule," and what does it have to do with dollar liquidity and your investments?
Real Vision: Finance & Investing · Real Vision Podcast Network
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Show Notes
Following a speech last week by FOMC member Christopher Waller, Andreas Steno Larsen presents what he calls the “Waller Rule,” which suggests that QT will either need to slow or pause if USD reserves become equal to 10-11% of U.S. GDP. He then breaks down why this potential scenario might be bad news for risk assets in the second half of 2023. Recorded on January 24, 2023.
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