In pending decision on Fed’s taper there are huge macroeconomic issue at stake. But before we can even get to

In pending decision on Fed’s taper there are huge macroeconomic issue at stake. But before we can even get to those, the pressing macro financial question is, is the Treasury market robust enough to handle a policy gear shift? Truly too big to fail!
adamtooze.substack.com/p/chartbook-49… https://t.co/ioR9SV4pLr

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