Aberdeen's Athey: Market's Consensus Is an Unstable Equilibrium

The video discusses the concept of unstable equilibrium in financial markets, focusing on the role of the US dollar and Treasury yields. It explores market expectations for 2021, currency strategies, and the global economic recovery, particularly in relation to China. The discussion also covers central bank policies, inflation risks, and the potential impact on financial markets.

What is meant by 'benign neglect' in the context of central banks and inflation?

How does the interplay between financial markets and the real economy affect central bank decisions?

What are the implications of allowing inflation to run hotter than expected?