Jeffrey Sherman, deputy chief investment officer of DoubleLine, and portfolio manager Samuel Lau welcome to The Sherman Show podcast Torsten Slok, chief international economist at Deutsche Bank Securities, Inc. Among their topics are the mirage of Modern Monetary Theory (a mere postulate, not a theory, according to Mr. Sherman, untestable per Mr. Slok), the danger of misreading into Japan’s fiscal and monetary experiments a precedent for the U.S. and the relative impacts of Federal Reserve balance sheet reduction and Trump tax cuts on the supply of Treasuries. And they discuss voodoo economics and magic policy.
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