Will
@WClementeIII
Investing & stuff | Co-founded @reflexivityres (acq. by @defitechglobal) | Using @velodata
ID:1270906326823186432
http://reflexivityresearch.com 11-06-2020 02:31:01
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The Fed is Unable to Cause a Recession. Risk Assets are Yet to Realize This.
Guest report: written by Ritik Goyal
Markets are always pricing in a range of outcomes for the economy. That pricing bakes in the likely effects of monetary and fiscal policy. The post-Covid cycle in
Great report by Ritik Goyal.
TLDR: With debt/gdp as high as it is, we’re in a backwards world where high rates mean interest payments on debt are stimmy checks for people that buy assets — ~$1T will be paid out in 2024.
Big picture is very constructive for the internet coins.