You can think of Russian reserves as national cushion we stripped away. But from macro financial point of view they are petrodollar funding flow we just cut off (Pozsar) -> squeeze on $-system at time of general panic and run into $
Chartbook #89
adamtooze.substack.com/p/chartbook-89… https://t.co/KbLVKWwHPe
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,…