Back to June 1999 | Live with George Noble

Podcast: The Noble Update Podcast · George Noble

Opublikowano: 2026-09-25

Macro Musings by Danny D joined me for a Substack live, and these are the 5 biggest takeaways from our conversation: 1. The low rate world was the anomaly, and it isn't coming back. Danny explained why rates stayed so low for so long, and why those forces have flipped: * Last cycle had baby boomers in their peak saving years and households repairing their balance sheets after 2008, and both pushed rates down. * This cycle, household wealth is up nearly $70 trillion and the boomers are spending their retirement savings instead of adding to them.<...