Note how casually Warren tosses out a 30 year treasury yielding 9% as his bond example. I bet most readers on Substack have never seen a 9% Treasury. I’m not predicting their return, but nothing says the Fed has to stop at 5.5% or cut the discount rate next year either.
Note how casually Warren tosses out a 30 year treasury yielding 9% as his bond example. I bet most readers on Substack have never seen a 9% Treasury. I’m not predicting their return, but nothing says the Fed has to stop at 5.5% or cut the discount rate next year either.
Haha, yes, I loved how he just matter-of-factly mentioned the 9% rate.
I like the sporting performance metaphor