"in early to mid-March, amid extreme volatility across the financial system, the functioning of Treasury and agency MBS markets became severely impaired” Lorie Logan
Fed responded with daily purchases > $100bn.
libertystreeteconomics.newyorkfed.org/2020/08/market… https://t.co/GCFLEnPpPm
In 1994 Barry Posen devised a defense strategy for a newly independent Ukraine which envisioned a Manstein-styel flexible defense v.
In 1994 Barry Posen devised a defense strategy for a newly independent Ukraine which envisioned a Manstein-styel flexible defense v. Russian attack. See Chartbook Newsletter