If limit of primary dealer balance sheet capacity was a key factor driving March US Treasury market turmoil, it was a problem that had been building up over time. Broker-dealer holdings had been elevated since 2018!
bis.org/publ/arpdf/ar2…
v.
If limit of primary dealer balance sheet capacity was a key factor driving March US Treasury market turmoil, it was a problem that had been building up over time. Broker-dealer holdings had been elevated since 2018!
bis.org/publ/arpdf/ar2…
v.
Hang on … Kandinsky was an economist before became a world renowned artist???? And he was also the uncle of Russian-French philosopher Alexandre Kojève (1902–1968).
RT @jfkirkegaard: @adam_tooze @Amanda_Vickery :-)… the secret of a happy people – keep losing your wars and territory = low expectations…
Crucial thread from @dwallacewells on the new world of climate politics facing the Biden administration. twitter.com/dwallacewells/…
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