原推:I am wondering why economists are not highlighting that an 80bp inversion in the Treasury yield curve today is much more of a red flag for the Fed today than it was in the early ‘80s. As a percent of the 3.5% 10 year Treasury yield, it is ~23% today vs ~5% of 15% in the ‘80s
https://twitter.com/CathieDWood/status/1600474114124390400