Rabobank: MMT-rump
Apr 1st 2020 9:50am EDT
Rabobank: MMT-rump Submitted by Michael Every of Rabobank Another day, another trillion dollars. After noting for the nth time yesterday that not all currencies are equal, and that the Eurodollar system–that is to say, offshore USD liquidity–remains a structural issue regardless of the recent introduction of (too small) Fed swap lines with (too few) central […]
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