Pond: Lower Real Rates Driven by Low Productivity

The video discusses the impact of productivity on economic indicators, highlighting how it drives lower potential GDP and real rates. It explores the challenges industries face due to sustained low real rates and the shift towards riskier assets. The discussion extends to global influences, particularly China's role in US economic conditions, and the Fed's strategy in managing inflation and potential economic overheating. The video concludes with insights into interest rates and the possibility of economic overshoot.

What are the implications of sustained low real rates for pension plans?

Discuss the potential consequences of the Fed running the US economy hot.