With all the recent hullabaloo about the 10-year UST yield breaking 3%, I found this recent letter from SF Fed President, John Williams, very fair and balanced. Future Fortunes of R-star For readers that aren’t familiar with the concept of the natural rate of interest, it’s simply the real interest rate (nominal or published rate …
Month: May 2018
Adjustment Periods are Hard
Most of us don’t like change. We become accustomed to our routines and what we consider to be “normal”. However, periodically throughout our lives we are thrown curve balls which disrupt are perceived sense of normality, whether it be a new boss with a markedly different style than our previous boss, a move to a …