Take economics in university? Buy a macroeconomics textbook? > predicting/understanding what feds This is the most unpredictable element since their goals se

Take economics in university? Buy a macroeconomics textbook? > predicting/understanding what feds This is the most unpredictable element since their goals seem to shift with politics and have little to do with economics. They've allowed asset prices to get pumped up for a long time and it's still not clear whether they have the guts to actually increase rates to stop inflation (or if they even should...). > markets Everything is supply/demand. Asset prices are all about supply/demand for the ASSET itself, fundamentals don't matter in the short run. > rates Are more or less set by the Fed. Which is somewhat directed by politics.