Investors / stance tracking
What Paul Tudor Jones is saying
Founder/CIO, Tudor Investment Corp
54 dated public stances tracked since 2018-06-21, most recently 2026-06-28. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Paul Tudor Jones's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Paul Tudor Jones is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
Think we got something wrong? Report a misattribution — we correct it or take it down.
54
tracked stances
18
themes
3
side flips
2026-06-28
last heard
Returns 90d +5.8% (n=50) · 180d +4.1% (n=41) · 1y +15.0% (n=26)
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.
View flips
Where the tracked view on a theme reversed between appearances — bullish to bearish or back. Dates are the episodes on each side of the turn.
SPX — bearish2026-04-28 → bullish2026-05-07
USD — bearish2026-04-28 → bullish2026-05-05
SPX — bullish2023-05-15 → bearish2025-05-07
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| BITCOIN | 8 | 8 bullish | 2026-06-28 | |
| GOLD | 7 | 7 bullish | 2025-10-28 | |
| Big Tech | 5 | 5 bullish | 2026-05-07 | |
| Long Dur Treasuries | 5 | 5 bearish | 2025-10-14 | |
| SPX | 4 | 2 bullish / 2 bearish | 2026-05-07 | |
| USD | 4 | 1 bullish / 3 bearish | 2026-05-05 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-06-28
BITCOIN
bullish
Paul Tudor Jones · video
Bitcoin's fixed and finite supply makes it the best inflation hedge available, superior to gold, as governments print trillions that erode purchasing power
“Bitcoin is unequivocally the best inflation hedge that there is, more than gold, because Bitcoin is finite”
Paul Tudor Jones - The Making of a Billionaire Trader | Documentary
2026-05-07
SPX
bullish
Paul Tudor Jones · video
Price multiples and earnings comparisons place the market at the equivalent of Q4 1999, suggesting ~40% more upside before a peak, with election-year Fed constraint providing additional near-term support
“whether you look at productivity miracles or price analogs, you've got more runway”
90d +5.5%
Legendary investor Paul Tudor Jones: AI bull market has 'another year or two to run'
2026-05-07
SHORT-DURATION / RATE HIKE RISK (US RATES)
bullish
Paul Tudor Jones · video
Incoming Fed Chair Kevin Warsh faces a 6% budget deficit and massive hyperscaler infrastructure spending creating inflationary pressure, making rate cuts unlikely and rate hikes possible, posing risk to long-duration assets
“Do I think he'll cut rates? No chance.”
Legendary investor Paul Tudor Jones: AI bull market has 'another year or two to run'
2026-05-07
Big Tech
owns
Paul Tudor Jones · video
AI productivity cycle mirrors the PC (1981) and internet (1995) booms, which each lasted 4-5 years; we are only 50-60% through this cycle with another 1-2 years and ~40% upside remaining
“I just buy baskets... we've got another year or two to run”
90d +3.3%
Legendary investor Paul Tudor Jones: AI bull market has 'another year or two to run'
2026-05-05
USD
owns
Paul Tudor Jones · video
Dollar expected to rally as Asian banks open Monday morning and bid it up, creating a narrow informational timing window before the market absorbs weekend news flow
“I think they'll be bidding it up as soon as they walk in, which is why I'm really going to buy them right now”
90d +2.4%
Paul Tudor Jones Documentary
2026-05-05
OIL
bearish
Paul Tudor Jones · video
OPEC's announced 7% production cut agreement will unravel because Iraq — one of the five largest producers — publicly refused to comply, making unanimous adherence by 13 parties impossible
“wild horses couldn't keep me from from betting against them succeeding in that”
90d +15.3%
Paul Tudor Jones Documentary
2026-04-28
SPX
bearish
Paul Tudor Jones · video
At a stock-market-cap-to-GDP ratio of 252% and a P/E of ~22, historical data shows 10-year forward returns are negative, making it very hard to generate long-term gains from current valuations despite the market not necessarily being in an outright bubble
“If you buy the S&P at this current valuation, the 10-year return's negative when you buy with the S&P PE of 22”
Legendary Trader Paul Tudor Jones on AI Risk, Bubbles and Buffett
2026-04-28
USTS
short
Paul Tudor Jones · video
Excessive fiscal stimulus combined with Powell staying too easy for too long for political reasons meant that once Biden reappointed him, normalization was inevitable, creating a clear short opportunity in two-year rates
“As soon as Biden reappointed him, it was go time to get short two-year notes”
90d +1.1%
Legendary Trader Paul Tudor Jones on AI Risk, Bubbles and Buffett
2026-04-28
TECHNOLOGY STOCKS / LARGE-CAP TECH
bearish
Paul Tudor Jones · video
Hyperscaler capex commitments are eating into buyback capacity while a wave of IPO unlocks will add significant equity supply funded largely by selling existing tech holdings, creating a prolonged headwind for the sector
“That's why tech has dogged it and why it will continue to dog it”
Legendary Trader Paul Tudor Jones on AI Risk, Bubbles and Buffett
2026-04-28
BITCOIN
bullish
Paul Tudor Jones · video
Bitcoin is the best inflation hedge because its supply is finite and it is decentralized, making it superior to gold on scarcity grounds, though cyber warfare and quantum computing risk are meaningful tail risks
“Bitcoin is unequivocally the best inflation hedge that there is more than gold because Bitcoin is finite”
90d -16.5%
Legendary Trader Paul Tudor Jones on AI Risk, Bubbles and Buffett
2026-04-28
USD
bearish
Paul Tudor Jones · video
The yen is grossly undervalued with Japan holding $4.5T net international investment position mostly in unhedged US dollars, and a newly elected reform-minded prime minister provides the catalytic moment for yen appreciation similar to currency rallies seen…
“The yen's grossly undervalued. Has been for some time. What's the catalytic moment?”
90d +3.9%
Legendary Trader Paul Tudor Jones on AI Risk, Bubbles and Buffett
2026-04-27
OIL
short
Paul Tudor Jones · video
OPEC's announced production-cut agreement will fail because getting 13 nations to honor any deal is structurally impossible, and two of the largest producers have already said they won't comply
“wild horses couldn't keep me from betting against them succeeding in that”
90d +7.4%
Trader The Documentary Paul Tudor Jones
2025-10-28
Big Tech
bullish
Paul Tudor Jones · video
Loose fiscal and monetary conditions (rate cuts + 6% deficit) combined with late-cycle bull market dynamics mirror October 1999, when the Nasdaq doubled in the 5 months before its peak.
“The Nasdaq doubled between the first week of October '99 and March of 2000.”
90d -1.1% · 180d +5.2%
Paul Tudor Jones: Ingredients are in place for massive rally before a ‘blow off’ top to bull market
2025-10-28
GOLD
bullish
Paul Tudor Jones · video
Aggressive fiscal deficits (6% of GDP) combined with easing monetary policy heading toward zero or negative real rates make gold an inflation hedge and among the top-performing assets.
“I'd want to have a combination of gold, crypto, probably the Nasdaq.”
90d +27.5% · 180d +18.0%
Paul Tudor Jones: Ingredients are in place for massive rally before a ‘blow off’ top to bull market
2025-10-28
Meme Stocks
bullish
Paul Tudor Jones · video
Late-cycle speculative frenzy requires additional retail buying flows, and the Morgan Stanley retail flow basket (meme stocks) is already up ~67-68%, suggesting momentum will continue as more retail investors are recruited.
“Whatever the fastest horse is at this point in time probably has a good chance of being that on Dec. 31.”
Paul Tudor Jones: Ingredients are in place for massive rally before a ‘blow off’ top to bull market
2025-10-28
BITCOIN
bullish
Paul Tudor Jones · video
Unprecedented fiscal-monetary combination driving inflation expectations makes crypto (digital gold) highly appealing, and retail flows continue to favor it as a speculative inflation hedge.
“Crypto, digital gold, that's obviously something that's very, very appealing.”
90d -21.8% · 180d -30.3%
Paul Tudor Jones: Ingredients are in place for massive rally before a ‘blow off’ top to bull market
2025-10-14
Big Tech
bullish
Paul Tudor Jones · video
Fed funds rate likely heading to 2.5% under new Fed chair, providing a compelling backdrop for higher equity prices, with the final stage of a bull market typically doubling prior annual gains
“long the NASDAQ would be my long...the best part of the market's possibly straight ahead”
90d +5.0% · 180d +3.5%
Paul Tudor Jones on the AI Bubble Debate (FULL)
2025-10-14
SILVER
bullish
Paul Tudor Jones · video
Same fiat debasement and fiscal dominance dynamics as gold, with an extremely small market cap making it highly responsive to even modest reallocation of global financial assets
“silver which is a fraction of that...it doesn't take very much”
90d +65.0% · 180d +45.9%
Paul Tudor Jones on the AI Bubble Debate (FULL)
2025-10-14
BITCOIN
bullish
Paul Tudor Jones · video
Bitcoin serves as a debasement hedge alongside gold, with $40B in ETF inflows since Liberation Day confirming institutional demand, though near-term momentum favors gold over crypto.
“I think they're both probably still good”
90d -19.4% · 180d -37.4%
Paul Tudor Jones on the AI Bubble Debate (FULL)
2025-10-14
Long Dur Treasuries
bearish
Paul Tudor Jones · video
6% US budget deficits and a politically driven push for artificially low Fed funds rates will eventually reignite inflation and stress sovereign debt markets, pressuring bond prices
“it might be the bond market again, though”
90d +2.4% · 180d +2.4%
Paul Tudor Jones on the AI Bubble Debate (FULL)
2025-10-14
GOLD
bullish
Paul Tudor Jones · video
Fiat currency debasement is global, bond vigilantes are being suppressed by populist central banks, and gold is absorbing the debasement trade that would normally manifest in sovereign bond selloffs; fiscal deficits ensure this trend continues.
“the currency debasement trade has really turned into a gold trade and a crypto trade”
90d +10.9% · 180d +14.3%
Paul Tudor Jones on the AI Bubble Debate (FULL)
2025-10-14
USTS
bearish
Paul Tudor Jones · video
Fiscal deficits of 6% of GDP, a politically driven push to cut Fed funds to 2.25–2.5%, and eventual inflation rekindling in 6–18 months make long-duration Treasuries structurally unattractive despite near-term cuts.
“it might be the bond market again, though”
90d +0.1% · 180d -0.1%
Paul Tudor Jones on the AI Bubble Debate (FULL)
2025-10-14
long GOLD / short BITCOIN
pair
Paul Tudor Jones · video
Gold and silver are capturing the debasement trade more efficiently than crypto in the current momentum regime — same dollar of vol-adjusted inflow into Bitcoin has underdelivered relative to gold since Liberation Day, and Q4 trend-following favors the…
“gold and silver going to outperform crypto”
90d +15.1% · 180d +25.9%
Paul Tudor Jones on the AI Bubble Debate (FULL)
2025-10-06
Big Tech
bullish
Paul Tudor Jones · video
Late-cycle blow-off dynamics similar to 1999, combined with unprecedented fiscal stimulus (6% deficit) and monetary easing (rate cuts to negative real rates), create conditions for massive price appreciation in equities.
“I'd want to have a combination of gold, crypto, probably the NASDAQ”
90d +1.8% · 180d -2.9%
Paul Tudor Jones ~ 2025-OCT-06 Monday
2025-10-06
GOLD
bullish
Paul Tudor Jones · video
Unprecedented combination of loose fiscal policy (6% deficit) and monetary easing creates an inflation story; gold is up 46-47% and is one of the biggest winners in this macro environment.
“crypto, digital, gold, that's obviously something that's very, very appealing”
90d +12.2% · 180d +17.4%
Paul Tudor Jones ~ 2025-OCT-06 Monday
2025-10-06
BITCOIN
bullish
Paul Tudor Jones · video
Loose fiscal and monetary conditions are inflationary and retail-flow-driven; crypto is among the biggest winners (up 50-60%) reflecting that dynamic.
“Bitcoin, I want to say it's up 50 or 60”
90d -26.6% · 180d -46.0%
Paul Tudor Jones ~ 2025-OCT-06 Monday
2025-10-06
SOVEREIGN DEBT
bearish
Paul Tudor Jones · video
The easing cycle has pulled forward demand and masked a structural supply problem; when the cycle ends in roughly a year, ballooning deficits and AI-driven corporate debt issuance will overwhelm the market
“the biggest bubble that we have is in sovereign debt”
Paul Tudor Jones ~ 2025-OCT-06 Monday
2025-10-06
long GOLD / long BITCOIN / long Big Tech
basket
Paul Tudor Jones · video
Fiscal deficits + rate-cut cycle create a 1999-style blowoff environment where inflation-hedge and speculative-momentum assets lead; wants exposure to all three simultaneously into year-end
“I'd want to have a combination of gold, crypto, probably the NASDAQ”
90d -4.2% · 180d -10.5%
Paul Tudor Jones ~ 2025-OCT-06 Monday
2025-06-11
BITCOIN
bullish
Paul Tudor Jones · video
Policymakers will run persistently low real rates and hot inflation to escape the debt trap, making Bitcoin a valid inflation hedge, though held at a lower volatility-adjusted weight than gold
“the road map is clear...I'm going to run really low real rates, I'm going to have inflation running hot...gold adjusted Bitcoin”
90d +2.6% · 180d -16.6% · 1y -41.5%
Trump Will Pick 'Uber Dovish' Fed Chair: Paul Tudor Jones (Full Interview)
2025-06-11
GOLD
bullish
Paul Tudor Jones · video
Fiscally-constrained governments will be forced to run negative real rates and hot inflation to escape the debt trap, making gold a core inflation hedge in the optimal portfolio
“some combination of probably gold adjusted Bitcoin, gold, stocks...that's probably your best portfolio to fight inflation”
90d +8.3% · 180d +25.0% · 1y +25.3%
Trump Will Pick 'Uber Dovish' Fed Chair: Paul Tudor Jones (Full Interview)
2025-05-07
SPX
bearish
Paul Tudor Jones · video
Tariffs act as the largest tax increase since the 1960s reducing growth by 2-3%, while the Fed remains locked into not cutting rates, creating a headwind that pushes stocks to new lows before policy pivots occur
“you got the Fed who's locked in on not cutting rates. That's not good for the stock market. We'll probably go down to new lows”
90d -12.2% · 180d -22.5% · 1y -31.9%
Paul Tudor Jones' AI Warning ~ FULL interview + Commentary ~ 2025-MAY-06 Tuesday
2024-10-23
Long Dur Treasuries
short
Paul Tudor Jones · video
Fiscally unsustainable US debt trajectory (debt/GDP heading to 200% over 30 years) and multi-trillion dollar annual deficits make long-end bonds fundamentally mispriced
“I am clearly not going to own any fixed income and I'm going to be short the back end of fixed income”
90d +3.4% · 180d +4.6% · 1y -3.7%
Paul Tudor Jones CNBC 2024-OCT-22 interview
2024-10-23
Commodities Broad
bullish
Paul Tudor Jones · video
Commodities are severely under-owned and serve as an inflation hedge as the US inflates away its debt burden
“I think commodities are so ridiculously under-owned so I'm bullish on commodities”
90d +3.9% · 180d -1.5% · 1y +6.2%
Paul Tudor Jones CNBC 2024-OCT-22 interview
2024-10-23
GOLD
owns
Paul Tudor Jones · video
All roads lead to inflation as the US (like all over-indebted nations historically) will inflate away its debt, making gold a core inflation hedge
“I'm long gold, I'm long Bitcoin, I think commodities are so ridiculously under-owned”
90d +0.9% · 180d +25.8% · 1y +51.0%
Paul Tudor Jones CNBC 2024-OCT-22 interview
2024-10-23
Big Tech
bullish
Paul Tudor Jones · video
Most young people use NASDAQ/tech as their inflation hedge and it has performed well in inflationary environments, making it a component of an inflation-protection basket
“most young people find their inflation hedges via the NASDAQ, that's also been great”
90d +7.6% · 180d -11.0% · 1y +25.7%
Paul Tudor Jones CNBC 2024-OCT-22 interview
2024-10-23
BITCOIN
owns
Paul Tudor Jones · video
Fiscal deterioration and inflationary resolution of US debt crisis make Bitcoin a valid inflation hedge alongside gold
“I'm long gold, I'm long Bitcoin, I think commodities are so ridiculously under-owned”
90d +59.2% · 180d +31.4% · 1y +65.2%
Paul Tudor Jones CNBC 2024-OCT-22 interview
2024-10-23
long GOLD / long BITCOIN / long Commodities Broad / long Big Tech
basket
Paul Tudor Jones · video
All roads lead to inflation because the historical playbook for over-indebted sovereigns is to inflate away debt by running nominal growth and dovish rates above the borrowing cost, making real assets and high-growth equities the correct inflation hedges…
“I probably have some basket of gold Bitcoin Commodities and NASDAQ something like that”
90d +17.9% · 180d +11.2% · 1y +37.0%
Paul Tudor Jones CNBC 2024-OCT-22 interview
2024-10-22
Long Dur Treasuries
short
Paul Tudor Jones · video
US debt trajectory (35T debt, 2T annual deficit, debt/GDP headed to 200% in 30 years) makes long-duration bonds fundamentally mispriced, and post-election fiscal promises from both candidates will worsen the picture
“I am clearly not going to own any fixed income and I'm going to be short the backend of fixed income”
90d +3.7% · 180d +4.9% · 1y -4.1%
Legendary investor Paul Tudor Jones: I am clearly not going to own any fixed income
2024-10-22
INFLATION TRADES (BROAD)
bullish
Paul Tudor Jones · video
Repositioning toward inflation trades because a Trump election win combined with deficit-expanding tax cuts will accelerate inflationary pressures
“it just means more in inflation trades”
Legendary investor Paul Tudor Jones: I am clearly not going to own any fixed income
2024-10-22
INFLATION HEDGES (UNSPECIFIED BASKET)
owns
Paul Tudor Jones · video
Both candidates' fiscal plans add inflationary pressure (Trump scenario: +$500B/yr deficit; Harris: +$600B/yr), so portfolio should tilt toward assets that benefit from sustained inflation
“I moved in that direction for sure — it just means more inflation drags”
Legendary investor Paul Tudor Jones: I am clearly not going to own any fixed income
2024-10-22
Long Dur Treasuries
bearish
video
US debt at 98% of GDP on a CBO path to 122%+ with $2T annual deficits makes long bonds structurally mispriced; the historical playbook to reduce debt/GDP is to run real rates below inflation, so the back end is the wrong price
“I am clearly not going to own any fixed income and I'm going to be short the back end of fixed income because it's just completely the wrong price”
90d +3.7% · 180d +4.9% · 1y -4.1%
2024-10-22
long GOLD / long BITCOIN / long Commodities Broad / long Big Tech
basket
video
Unsustainable US fiscal trajectory (7-8% deficits, 35T debt, 80% negative net international investment position) means all roads lead to inflation; gold, bitcoin, commodities, and the Nasdaq are the canonical inflation-hedge basket he would hold instead of…
“I probably have some basket of gold Bitcoin commodities Nasdaq something like that and I would own zero fixed income”
90d +15.2% · 180d +9.1% · 1y +33.7%
2024-02-14
Long Dur Treasuries
bearish
Paul Tudor Jones · video
With deficits at 7.5% of GDP, $2.8 trillion in new supply needed, and inflation likely to re-accelerate, long-end bond buyers will 'give up' and duration is grossly mispriced to the downside
“anything over five years that has that just right now is so grossly mispriced that's the absolute last thing you want to own”
90d +1.1% · 180d -6.2% · 1y +0.5%
Signature Series #2: “U.S. Fiscal Situation and What the Future Might Hold” – Paul Tudor Jones II
2024-02-14
USD
bearish
Paul Tudor Jones · video
Neither a fiscal austerity path nor an inflationary/deficit-spending path is favorable for the dollar given the scale of US debt obligations and likely currency debasement
“I'm not sure the dollar does well under either one of those guys under either Administration”
90d -1.7% · 180d -1.3% · 1y -8.3%
Signature Series #2: “U.S. Fiscal Situation and What the Future Might Hold” – Paul Tudor Jones II
2024-02-14
GOLD
bullish
Paul Tudor Jones · video
Chronic US fiscal deficits and the likely policy path of inflating away debt make gold a core inflation hedge alongside other hard assets
“you want to be long bitcoin and gold and you don't want to have any duration in fixed income”
90d +18.3% · 180d +23.9% · 1y +46.6%
Signature Series #2: “U.S. Fiscal Situation and What the Future Might Hold” – Paul Tudor Jones II
2024-02-14
BITCOIN
bullish
Paul Tudor Jones · video
The 2,000-year playbook for over-indebted empires is to inflate away debt; bitcoin sits alongside gold as the primary vehicle to be long as the US follows that path under fiscal and monetary pressure
“you want to be long bitcoin and gold”
90d +18.8% · 180d +14.5% · 1y +86.4%
Signature Series #2: “U.S. Fiscal Situation and What the Future Might Hold” – Paul Tudor Jones II
2023-05-15
SHORT US RATES / FED PAUSE
bullish
Paul Tudor Jones · video
With CPI declining 12 consecutive months, 2-year breakevens under 2%, and interest rates already at historically recession-triggering levels, the Fed is definitively done raising rates and the next move is a pause or cut.
“They could probably declare Victory now”
Paul Tudor Jones says the Fed is done raising rates, stocks to finish the year higher from here
2023-05-15
SPX
bullish
Paul Tudor Jones · video
The financial cycle drives the business cycle, and with the Fed done hiking and inflation on a 12-month declining arc, equity prices should continue to grind higher through year-end 2023
“equity prices are going to continue to go up this year”
90d +8.9% · 180d +7.4% · 1y +28.5%
Paul Tudor Jones says the Fed is done raising rates, stocks to finish the year higher from here
2020-12-06
Commodities Broad
bullish
Paul Tudor Jones · video
Vaccine-driven demand explosion and inflation comeback in Q2/Q3 will push commodity prices higher regardless of Georgia Senate outcome
“commodities will probably go up...pretty much charted the course to some type of absolute supersonic boom”
90d +22.0% · 180d +35.8% · 1y +41.2%
Paul Tudor Jones on the stock market: We've never seen anything like this
2020-12-06
RISK ASSETS / EQUITIES
bullish
Paul Tudor Jones · video
Post-election uncertainty resolution historically triggers a redeployment of sidelined cash back into risk assets, and zero/negative real rates leave no good alternative, so the trend continues
“a redeployment of cash back into risky assets after the fears associated with presidential elections... I assume that trend is going to continue”
Paul Tudor Jones on the stock market: We've never seen anything like this
2020-10-20
long GOLD / short Commodities Broad
pair
Paul Tudor Jones · video
Fear of liquidity crunch and deflation is driving precious metals higher on pure safe-haven demand while disinflation and deflation fears are crushing the broader hard commodity complex, creating a divergence between fear-premium metals and cyclical…
“being long fear which means being long the metals complex and short the rest of the hard commodity complex”
90d -9.0% · 180d -18.7% · 1y -34.7%
Paul Tudor Jones --1987 Crash *** Mr Market fools 99.9% of People ***
2020-01-31
USD
bearish
Paul Tudor Jones · video
The dollar is artificially elevated by a 5% US budget deficit and the most stimulative fiscal/monetary mix PTJ has ever seen; normalization toward European deficit levels would cause a substantial decline in dollar valuation
“the dollar would be substantially lower I believe”
90d -1.9% · 180d +4.0% · 1y +6.6%
Paul Tudor Jones & Ray Dalio at Greenwich Economic Forum | Full Length Archive, Traders Network Show
2019-06-13
GOLD
bullish
Paul Tudor Jones · video
Gold benefits from potential US rate cuts toward zero, reversal of globalization, and recession risk, making it the best macro hedge for equity portfolios
“I think one of the best trades going to be gold... it has everything going for it”
90d +11.4% · 180d +9.0% · 1y +28.5%
Gold Is Paul Tudor Jones's Favorite Trade for Next 12-24 Months
2018-06-21
USTS
bearish
Paul Tudor Jones · video
Real 10-year rates at roughly -30 to -40bps versus a 250-year historical norm of +200bps are unsustainable at 3.8% unemployment and 2.8% CPI, mirroring the 1960s Operation Twist suppression that set up the 1970s inflation regime and eventual rate surge
“clearly interest rate policy is crazy”
Paul Tudor Jones interviewed by Goldman Sachs CEO Lloyd Blankfein
Idea Scout Weekly
Every Sunday: who said what across the tape we track — 845 voices, 2,419 episodes and articles — with side-flips and points of disagreement called out. Free. How we track it.
Free · double opt-in · unsubscribe in one click