KKR's McVey Warns That Margin Degradation Is Coming in 2019

The video discusses the Federal Reserve's commitment to raising interest rates and its impact on the stock and bond markets. It highlights the difference in market reactions, with stocks worried about inflation and bonds indicating stronger growth. The discussion also covers the potential effects of tariffs and wage growth on company margins, predicting a shift in economic dynamics by 2019. The video concludes with investment strategies focusing on assets linked to GDP, reflecting a shift from monetary to fiscal policy.

What prediction is made regarding margin degradation in companies?

What shift is occurring from monetary policy to fiscal policy, and how does it affect investment strategies?