Revenge of Variable-Rate Commercial Debts
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Most people in finance today cut their teeth in the era of Easy Money, when history books were thrown out the window.
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Fundamentals for markets have boiled down to QE or QT since 2009. Now there’s QT, a lot of QT, globally, to battle the worst inflation in decades.
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Published 10/01/23
Published 10/01/23
The Fed ended Free Money, and the only thing it broke is the consensual hallucination that spawned during the Free Money era. And look what we got.
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Published 03/19/23
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