“Your problem is you think you’re an expert on the subject. You’ll never get smarter that way.”
Funny. I’d have said that a guy who posts “you have no understanding of the yield curve” and “you can’t be taken seriously” is someone who’s claiming to be an expert. But that’s just me. I did once pass the Series 7 exam so I guess I had a rudimentary knowledge of the securities markets at one time. Maybe I forgot it all.
You believe it’s best for interest rates at the long end of the curve to be set by the market, so why do you believe it’s best for interest rates at the short end of the curve to be set by the Ivy Leaguers at the Fed?