Back to Ken Griffin on AI, Midterm Elections and Fiscal Policy, with Ken Griffin & Dani Burger.
What Is the Only Way Out of the Deficits?
Ken Griffin says growth is the only direction out of the deficits, and he is worried about bond yields at multi-decade highs. The bond market is telling the House and Senate to put the fiscal house in order. Griffin says the market does not say as clearly that the house gets in order by getting productivity up, and he says Washington is not listening yet.
Voters get to say their piece through the House and Senate in a few weeks, and Griffin says the bond market is speaking pretty loudly now too. He says every talking point from Washington should be about entrepreneurism, about productivity gains, and about growing an economy where everyone feels they are getting ahead.
If the House and Senate do not listen, Griffin says the country will see higher inflation, the dollar will weaken, and the standard of living will fall.