from Patrick McKenzie | by Patrick McKenzie

Today's Bits about Money, available in a few minutes, will be about leverage. It's always a useful concept to understand and... may prove to be quite topical in the current moment.

As one example among many thing you can do if you understand leverage, you can understand statements like "Tether is 35:1 levered against its risky assets" and correctly make predictions about their solvency in a volatile environment. t.co/6jnW1wh81y

As always, if you'd like to gets Bits about Money when it comes out, you can get it in your inbox by signing up at t.co/9DD36NRBeS . It's free.