Markets Policy Partners

1/23 EU CBDC In early October, I warned about a green light that the ECB might get to move to the next stage of testing towards the launch of an EU CBDC. The ECB did get the green light on Oct 18 and the ECB is proceeding towards a potential launch in the next four years.

Really loved our Markets Policy Partners webcast with @jason_trennert - youtube.com/watch?v=Z3YYVqob… After decades of easy monetary policy and heavy fiscal spending, the bill is coming due... The trigger? Interest rates; high rates create an actual current cost to the profligate monetary and fiscal policies of the last few decades. Timeline: 03:43 The Most Important Slide- Interest on the Federal Debt 07:01 World War II and solving the US sovereign debt problem vs today 08:55 SVB and S&P500 took off for 2 reasons 10:59 SVB Response may have saved a recession 12:28 Deep dive into inflation drivers- 2% target seems too ambitious 17:15 Can the Fed declare victory without 2% CPI? 21:12 Resolve in Congress to reverse fiscal excess? 26:41 Key problem with high interest rates 34:11 Structural inflation and good trades 37:41 Inflation- Kryptonite for Stocks 42:51 Private capital markets vulnerable to high rates 48:35 Anti-Trust and unlocking value? 54:32 Geopolitical risks and the financial markets 57:13 US economy and markets and their resiliency in wars 60:49 Watch out for the CPI echo

How much does pessimism impact our US system's ability to innovate and progress towards further prosperity? My partners and I at @marketspolicy host "The Explore Prosperity Channel" at youtube.com/@bswalsh2000 and interview thought leaders...