Recession

Interest rates are crucial to economic activity.  They impact the costs and therefore the incentives of financing the three pillars of the American economy: consumption, investment, and government spending.  Borrowing is done over various durations, from short to long.  Costs of loans are typically found on a menu known as a yield curve.

Telling stories is what humans do.  No two people have an exact telling about the same event.  Thoughts on the economy are no different.  There is a “Truth” but none of us have the luxury of knowing all.  Instead, we each have our own truths.  These aren’t intentionally deceptive.  Instead, they become manufactured and colored by our own experienc

Software runs our world.  Whatever apparatus you’re reading this note on has programs and operating systems which allow you to receive and delete (hopefully not too quickly) this note.  Some of the code runs in the background doing things I’ll never understand, but other parts of it create feature or functionality designed to be useful to us as users.  Occasionally, a