Russia’s $630 bn reserve is
1. National asset
2. Accumulated current account surplus @ntrickett16 @M_C_Klein @michaelxpettis
But also
3. $300 bn petrodollar funding flow to money markets (Pozsar) That we just cut off.
Chartbook #89 on fall out.
adamtooze.substack.com/p/chartbook-89… https://t.co/ePkKY1iFZ8
"The labor market imbalance is what’s keeping the Fed from pausing. There are almost two job openings for every unemployed
February 2, 2023
"The labor market imbalance is what’s keeping the Fed from pausing. There are almost two job openings for every unemployed American." Highest rate of vacancies