Yes, our tree has an interesting shape. The center branches reflect the shape of the zero curve. When extreme parts of the tree are reached the branching pattern changes to accommodate the mean reversion.
Sentiment: POSITIVE
To me, nothing else about a tree is so remarkable as the extreme delicacy of the mechanism by which it grows and lives: the fine, hair-like rootlets at the bottom and the microscopical cells of the leaves at the top.
If you look closely at a tree you'll notice it's knots and dead branches, just like our bodies. What we learn is that beauty and imperfection go together wonderfully.
Our tree is actually a tree of the short-term interest rate. The average direction in which the short-term interest rate moves depends on the level of the rate. When the rate is very high, that direction is downward; when the rate is very low, it is upward.
The tree was evidently aged, from the size of its stem. It was about six feet high, the branches came out from the stem in a regular and symmetrical manner, and it had all the appearance of a tree in miniature.
As the tree is bent, so it will grow.
In nature, nothing is perfect and everything is perfect. Trees can be contorted, bent in weird ways, and they're still beautiful.
As the twig is bent the tree inclines.
I never saw a discontented tree. They grip the ground as though they liked it, and though fast rooted they travel about as far as we do.
You get tragedy where the tree, instead of bending, breaks.
Ye are the fruits of one tree and the leaves of one branch.
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