How do you value pieces of paper? What creates currency? What makes the dollar a reserve currency?
There are several different models used to value currency, including Purchasing Power Parity and the BEER (Behavioral Equilibrium Exchange Rate) model, amongst others. There are several variables that go into those models, most notably conditional expectations, current rates, term premiums, national savings/investment, demographics, and interest rate differentials.
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WWE is known for ” purely entertainment-based, featuring storyline-driven, scripted, and choreographed matches, though matches often included moves that can put performers at risk of injury if not performed correctly.”
I thought that outline was fitting for what is currently happening in our macroeconomy.
I’ve done a couple of pieces like this before – a general market update, a way to stay engaged and plugged into what is going on. This one is more speculative than usual. There is an absolute barrage of overwhelming information out there, and its hard to make sense of it all.
But that’s why Scanlon on Stocks exists – to help that information seem a little bit less overwhelming.
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