3min chapter

The Compound and Friends cover image

It Doesn't Matter Until It Matters

The Compound and Friends

CHAPTER

The Fed's Work in Tightening Financial Conditions

The fed has made financial conditions, the third mandate ant went back t bernanke. Bernanke said ce was meant to ease financial conditions. That was a direct intent of the no outside of o eight, o nine. But c e two, three was specifically meant to raise asse yer treasury,. in the last 12 months, went from 15 basis points to a hundred and 15 basis points. And we're beginning to see some inklings inflation. Iat facein book crush ind 25 % on the debt. What's the economic impact of that? If your employee at facebook and your options are now partly out of te money, were an lambea this year? Aha

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