Hedge Fund Exec on Powell's 60 Minutes Speech

“I would say this. In the long run, the US federal government is on an unsustainable fiscal path,” said Powell

By Eric Peters, CIO of One River Asset Management

“The prices of some things will decline. Others will go up. But we don't expect to see a decline in the overall price level,” said Powell, Nvidia stock hitting new highs, its market cap soaring to $1.78trln.

“That doesn't tend to happen in economies, except in very negative circumstances. What you will see…