Discussion about this post

User's avatar
Andy Fately's avatar

excellent writeup Fabian, and I think mostly spot on. one thing to consider about the Trump plans for efficiency, though, is that he is not running for re-election, so may be willing to absorb some pain to achieve longer term goals. just a thought. and I have read and come to agree with Robertson's views on the risk-free rate over the past months. I think it makes a lot of sense and demonstrates the impact QE has had, which is not merely lowering rates, but confusing the Fed itself

Expand full comment
1 more comment...

No posts