Macro Podcast: R-Star and HOW it impacts macro
Why we haven't seen a recession after interest rates have risen so much
We are going to dig deeper into this idea of “R-Star” because it contextualizes WHY interest rates have varying degrees of impact on the economy and financial markets. Why did rate hikes before the GFC cause delinquencies to rise, but we aren’t seeing the same thing now? Why has the curve uninverted, and equities are still hitting all-time highs? All of these things become very clear if you understand the underlying mechanics of the system as they connect to R-Star.
All of this is laid out in the macro podcast below: Enjoy!
The inflation primer by
that was referenced is here:
As always, a Pepe for the culture!
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Whats you take on current Bitcoin situation and risks associated with presidency question? Is it worth holding long btc trade? How do you think about it?
Great work, very interesting.
I wonder if construction spending might actually rise under another Trump presidency. Despite his emphasis on domestic production, it’s intriguing that construction spending didn’t increase significantly during his previous term.