“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…
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%…
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%…
“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…
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%…
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%…