Is the Hunt for Yield Driving Monetary Policy?

The transcript discusses the impact of fiscal spending on employment and wages, highlighting the potential for increased demand for labor and higher wages due to low unemployment. It also examines the interconnectedness of global markets, particularly how European bond movements influence US Treasurys. The role of central banks in shaping market dynamics through policies like quantitative easing is explored, along with the potential effects of a Clinton presidency on tax policy and municipal bonds.

What impact does fiscal spending have on the money supply according to the text?

How does the employment rate affect wages in the current economic context?

What is the relationship between US Treasurys and German bonds as discussed in the text?

What changes are central banks making regarding quantitative easing and interest rates?

What concerns does the market have regarding a potential Clinton presidency?