In 2020 Fed contained a crisis in Treasury market & emerged with its reputation enhanced. But that was an exogenous COVID shock. A malfunction now, in tightening cycle, would be very different! Chartbook #172 on the most important financial market in world
adamtooze.substack.com/p/chartbook-17… https://t.co/FEATWthqeo
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…