Sonal Desai
The Strategist
The long view, patient, analytical, playing several moves ahead.
Sonal Desai embodies The Strategist through conviction held under pressure. For more than three years she has rejected the rolling recession narrative while staking precise fair-value targets on Treasuries, treating fidelity to macro fundamentals as the load-bearing analytical discipline.
“Would we all be jumping up and down saying vibe session if magic happened and the federal government did something very intelligent and put just a small consumption tax on the economy to lower the budget deficit? We wouldn't. So I guess what I'm trying to say is I don't love tariffs.”
“This is a really interesting one because I grew up in India. There are two careers. At that time, there were two careers any good parent wanted from for his son or in my case daughter. You could be an engineer or you could be a doctor. And if you really didn't want to do either of those, you could work for the government.”
“I was an assistant professor of economics at the University of Pittsburgh, and here's the deal. When I got that job, I had also interviewed with the IMF, and I had really liked the IMF, but you have to understand, I don't know if it's that way today, but at that time, there was no way I was going to my thesis advisor and telling him, yeah…”
“I haven't been. I haven't been. I'd say that I can proudly say that it's been, you know, I'm on record. So I think it was in probably early 2021 when inflation started picking up that I was saying this isn't looking so good. This transitory stuff isn't looking so good.”
Masters in Business: “Franklin Templeton's Sonal Desai on Fixed Income”
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