One of underestimated legacies of 2008 was:
Big build up of Treasury issuance
PLUS
Restrictions on broker-dealer balance sheets.
Both for VERY good reasons. But, consequences for Treasury market stability became evident in March 2020.
bankofengland.co.uk/-/media/boe/fi… https://t.co/reZRvnITuL
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…