"Economic Growth" is a statistical illusion created by statisticians. Richard Werner debunks the theory that higher rates lead to higher growth & vice versa: (2.27 min)
Market and "the relationship between interest rates and economic growth is the opposite of what they tell us... the correlation & causation are both wrong"
✅Correlation is positive and causation is from growth to interest rates not the other way around.
👉10Y tracks nominal GDP growth - created by bankers to guage how to service national debt.
Economic growth rate to trigger income generation; hence the 10Y is just a trick to force ROW to borrow foreign money when they could just open up 5000 small banks. 🎯
h/t @scientificecon
Hey @grok who was the most famous person to visit my profile in the last 3 years? It doesnt need to be a mutual, don’t tag them, just say who it was using handle without the @ sign.
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