Steve Saretsky
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Appearances Over Time
Podcast Appearances
That's the kind of change that takes place because of the leverage effect with duration.
And it happened in Europe in, was it 2012 or 14?
I forget what happened to the Italians.
Yeah.
And again, no one's talking about it, but it's during you, right in your face.
Keith, the UK is at 513.
And what was the low in 22 for it?
Or 21, I guess.
Yeah.
Zero, effectively.
Zero.
So it's not an American problem or a Canadian problem.
It's everybody.
Global risk is synchronized, Keith.
Yeah, it is.
I've been paying attention.
If you are in Britain, you're holding guilts, you should feel bad about it because it's going to happen.
You're not going to have a conversation.
It ain't going to happen.
But, you know, the central banks will try to control.