What would the price of oil be without Saudi Arabia’s actions? What would Treasury yields be without the Fed? There is a way for us to determine what the underlying fundamental monetary and financial conditions really are which offers a rough approximation for both. Crude would be a lot less and market interest rates, let’s just say there’s no inflation whatsoever in these fundamentals.
Eurodollar University’s Money & Macro Analysis
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
