“Financial Economics, I argue, did more than analyze markets; it altered them. It was an ‘engine’ in a sense not intended by Friedman: an active force transforming its environment, not a camera pas…| Convex Strategies
We have pointed to similarities between the Fed’s current rate cutting cycle and the one back in the second half of 1995. Given the length of experience around here, we are regularly asked question…| Convex Strategies