We’ve been hearing people talk about low interest rates for almost a decade now, but what do they really mean to you? Should you even care?

 

In this episode, I speak with my friend George about interest rates, the bond market, and the impact of the Federal Reserve on the two. George is part of the next generation Wall Streeters otherwise known as ‘quants’; a brainy sort inclined towards the application of higher math in the finance world. He studied physics and math in school before jumping into an investment bank and then the buy-side as a fixed income analyst at a very large bond fund. We discuss the impact of interest rates on regular people and the role the Fed plays in the equation.

 

We touch on:

-finance career paths

-effects of interest rates

-the time value of money

-interest rates versus inflation

-negative interest rates

-determinants of rates

-the Federal Reserve’s role in interest rates