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But we saved everything 🙂.
Andy Constan, founder and strategist at Damped Spring Macro, observes that when asset prices rally, market-based financial conditions indexes tend to fall and savings rates often decline at the same time.
Constan warns against misinterpreting the direction of causality between these financial indicators.
Constan recently noted that U.S. national debt rose from $1 trillion to $39 trillion over 46 years, reflecting an annual growth rate of 8.6 percent. In another post, he cited options market probabilities indicating an 88% chance of hitting 10,000 by 2030. His commentary spans a range of macroeconomic indicators and market forecasts.