
The Offshore Global Dollar System | ft. Jeff Snider
Money & Macro Talks
Why Greenspan Raised Short-Term Rates?
Greenspan thought that we need to raise rates because inflation is going to flare up in the US. The market has been thinking about lower and unknown growth and inflation expectations independent of what the Federal Reserve says or does or forecasts. Long-term rates pegged the housing crisis before the Fed ever figured out there was a problem, which is really what inverted yield curves tell us.
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