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Podcast: Lykken on Lending
Episode: The Bears Ask, "Have You Ever Seen The Rain?" by Les Parker
Description: The Bears Ask, "Have You Ever Seen The Rain?"-----------------------------Parker told us long agoThere's a calm before the stormHe knowsLast week, stagflation appeared in the GDP data, with slowing growth and rising inflation. As a result, the 10-year yield hit our bear target of 4.71.Jimmy Carter sacrificially appointed Paul Volcker to slay inflation. Despite talking heads, it’s not the 1970s. Jay Powell's credibility projects confidence that the Fed will lower rates prudently.However, Gold's rapid...