Paul Kedrosky
speaker
1,259 appearances
4 recordings
2 series
first heard Apr 2026
last heard 2d ago
Paul Kedrosky’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in Sep 2026 with 1.
Appearances
Arrogance about what's possible whenever you use AI to backstop all sorts of things.
So in a perverse way, now let's go back to this inflation data.
Both pieces of inflation have underneath them as predicates this incredible and unprecedented growth in AI.
Whether it's the energy side directly and and the the war in Iran, which is AI sort of AI enabled, it's almost we've almost created sort of turned war into an app.
And on the other side,
Uh what's happening in the iCapEx.
So here's these these examples for me are just startling in terms of understanding the breadth and scope of this phenomenon and the consequences across the entire global economy.
that's that's for on the on the run for bonds that are have already been issued.
So it obviously has a similar consequence for new issues.
and if you're issuing new debt, obviously it has to be at the higher rate.
So either way.
Yeah, so that's exactly right.
And that's in part because the structure of the treasury market and in in broadly the US debt market has changed a lot over the last twenty years.
It used to be dominated by large sovereign purchasers like Japan and China and others.
And so and they were um in this great economics term, they were relatively yield insensitive.
Meaning that they didn't get a rat's ass with the yield was.
They just had to, they had huge dollar flows coming into their country and they had to do something with them.
So they bought treasuries and it was like whether the rate's one or five, I don't really care.
I just have to do something with all these dollars.
And now the the treasury market and s broadly the US debt market is much more c uh taken up by
Showing 101–120 of 1,259 · page 6 of 63
← Previous
Next →