Retrieving "Spending Velocity" from the archives

Cross-reference notes under review

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1. Credit Markets

   Linked via "spending velocity"

   The shape of the yield curve is theorized to reflect market expectations of future short-term interest rates, inflation expectations, and the liquidity premium required for locking up capital for extended periods.
   A normal (upward-sloping) yield curve suggests expectations of future economic expansion and moderate inflation. Conversely, an inverted yield curve—where short-term rates exceed long-term r…