“Bob, I'm struck by the neutral rate. We haven't talked…” — Bloomberg Surveillance at 21:35
“Bob, I'm struck by the neutral rate. We haven't talked about it once. But given the sort of competition for capital that seems to be going on globally, is it possible just that the real rate has to be a whole lot higher than people previously expected? And frankly, we're seeing that in the lack of any kind of erosion…”
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