In March 2022 markets expected a Fed tightening cycle that was modest by historic standards. Now they expect a tightening that is 2nd only to Volcker shock. Does @BIS_org need to do a revised forecasting exercise for a scenario more extreme than 2004?
adamtooze.substack.com/p/chartbook-13… https://t.co/0gPtVWHli2
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,…