AuInsect

3 ms·

1. 1.▲
   by AuInsect 5y ago

   “T-bills of course are risk-free” How are you so sure? If its because an American default is unimaginable, then that’s “presentism” - assuming that whats true today will continue to be. If its because the US could just print its obligations
2. 2.▲
   by AuInsect 5y ago

   Thats from May2020 to May2021, and includes a collapse in consumption (for example fuel). Look at chart 1: Apr2021 had 0.8% month to month May2031 had a 0.6% month to month. Which annualize ((1+i)^12) to: 10% and 7% respectively. Or, a bett
3. 3.▲
   by AuInsect 5y ago

   Yes, 5% over the last 12 years, which includes a, brief, collapse in spending. But! Look at chart 1: Apr2021 had 0.8% month to month May2031 had a 0.6% month to month. Which annualize ((1+i)^12) to: 10% and 7% respectively. Or, a better est