factor behind this increase

The strong increase in the long-term yields on US Treasuries most likely mirrors a steep increase in individual time preferences. A key factor behind this increase is reckless Fed and government monetary policies that have severely damaged the process of savings formation. Contrary to mainstream thought, market interest rates are determined by changes in monetary “liquidity,” economic activity, and inflationary expectations. In this framework, the causes originate from various factors, not from individuals. It depicts individuals like robots that mechanistically react to monetary “liquidity,” economic activity, and inflationary expectations. We conclude that individuals’ conscious and purposeful action regarding present consumption versus future consumption is the key determinant of interest rates. สล็อต