Late-cycle speculation (people expecting 200-300% returns on houses or coins) is insensitive to whether Fed funds is 1%, 3%, or 5%—the absolute rate level becomes trivial compared to expected return.

factualpending

Speaker

Mark Da

Evidence Quote

if you think you're going to make 200% or 300% on your house or on your coin you don't care if the policy rate is one or three or five

Source

The Crisis In Monetary Policy: It Doesn't Matter That Much | Mark DowForward Guidance
Created: 8/11/2026, 1:22:08 AM

My Notes

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