To understand interest rates, it's critical to see both what informs them and what they represent.
20 Dec 2023, 20:50
To understand interest rates, it’s critical to see both what informs them and what they represent. Once properly appreciated as complex adaptive system outputs, the Fed becomes an afterthought.
How do yield curves predict recessions? View interest rates as futures for dollars 🧵
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120 Dec 2023, 20:51
So with this reframing in mind:
Low rates do not mean money is “easy"
**Low rates mean money is in low demand**
How do low rates inform this?
So with this reframing in mind:. Low rates do not mean money is "easy". **Low rates mean money is in low demand**.
So with this reframing in mind:
Low rates do not mean money is “easy"
**Low rates mean money is in low demand**
How do low rates inform this?