Heisenberg Macro In a road bicycle race, the peloton is the main group or pack of bikers. Bikers in a group save energy by riding close to other riders. You can draw parallels in central banking with this concept (shout out to Manoj Pradhan of Talking Heads Macro for introducing this term to me - his book The Great Demographic Reversal is a must read).
Peloton of Hikers
Peloton of Hikers
Peloton of Hikers
Heisenberg Macro In a road bicycle race, the peloton is the main group or pack of bikers. Bikers in a group save energy by riding close to other riders. You can draw parallels in central banking with this concept (shout out to Manoj Pradhan of Talking Heads Macro for introducing this term to me - his book The Great Demographic Reversal is a must read).