David Sacks
@DavidSacks · Mar 23, 2023
When the Fed spiked interest rates from ~0 to ~5% over the past year, it had 3 main effects:
1. Undercut value of bonds, especially long-dated bonds.
2. Made lending more expensive, particularly for large purchases like real estate that have to be financed.
3. Increased
Elon Musk
@elonmusk
Concur
04:34 AM · April 3, 2023 · 354.5K views
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