A deep dive into Zoltan Pozsar’s Bretton Woods III world view

As an addendum to my original note about Zoltan Pozsar’s Friday note, here are my extended thoughts on his Bretton Woods III magnum opus. On commodity basis: Zoltan says: Furthermore, like there is a “base” interest rate (EFFR and the OIS curve that springs from it) and a basis between that base rate and other […]