What if it works? Regular readers will know that this has long been our favourite question to ask central bankers and government policymakers since the implementation of “inflation” igniting strate…| Convex Strategies
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“Too often, the potential range of behavior of complex systems had to be guessed from a small set of data. When a system worked normally, staying within a narrow range of parameters, engineers made…| Convex Strategies
“The interest burden of the debt is at what I would call normal historical levels.” Janet Yellen. June 2024. US Treasury Secretary Yellen (Professor Yellen, as we know her) gives a masterclass in o…| Convex Strategies
“To ensure that a central bank does not prioritise the solvency of the sovereign over its primary mandate of price stability, the European treaties prohibit monetary state financing. In its public …| Convex Strategies