The defeat of European competitors in the investment banking industry is one of the legacies of the crisis.… https://t.co/OjOJBa0AnC
OUT NOW: Chartbook Newsletter # 5 What Happened in the US Treasury Market in March 2020? Take 1 of 4. adamtooze.substack.com/p/chartbook-ne… Sign up at adamtooze.substack.com
March 2020 was a dollar crisis like no other! Foreign reserve managers were selling US Treasuries but NOT to dump dollars as we once imagined.