basis points or no
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He had a senior moment - he saw a digital clock that said 4:25:50 and confused it for the federal funds target rate. Those extra points (dots) on the colons are too high…
jul 9, 2025, 4:22 pm • 0 0 • view
Need Yglesias to interpret
jul 9, 2025, 4:00 pm • 0 0 • view
Why would an FX unhedged investor still be in UST? Whatever can be made on the rates side will be more than offset by FX as people will stampede out of carry trades.
jul 9, 2025, 4:51 pm • 0 0 • view
he follows the Matt Yglesias school of thought, where there is no difference between percentage and basis points.
jul 9, 2025, 4:01 pm • 3 0 • view