Probably time to admit that nobody knows how money works.
Discussion
Agreed, it’s designed that way! Just finished the Creature from Jekyll Island. Wild how the fed came to be.
Oh, they knew....they knew.
Making it up as we go along
I mean I basically don’t know what the fuck a yield curve or a carry trade or a convertible note is but I hear people talking about them every day as if they were taught in grade school along with algebra and geometry.
Yield Curve:
a chart that shows how much more you get paid for lending money longer.
Carry Trade:
borrow money cheap, lend it somewhere else for more, and keep the difference.
Convertible Note:
a loan that can turn into part of a company instead of being paid back with money.
🤓
I think a yield curve survives a Bitcoin standard but it’s not that important.
Otherwise it’s best to spend your time still learning algebra and geometry.
Everyone is winging it.
What about them swap spreads though 😳