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Of ten people who examine the same chart, or listen to the same speech, each person may well understand it differetly – perhaps only one of them will understand it correctly. How then should traders interpret the shape of the US Treasury yield curve, which has gone parabolic in 一切取决...
I suppose a rational actor would compare the yield of renting an equivalent home and saving and wisely investing the amount that would have gone to “principal” in a mortgage, but, for some people, that regular mortgage bill forces a kind of passive (though low-yielding) savings rate that ...