6min chapter

Odd Lots cover image

Zoltan Pozsar and Perry Mehrling Debate Bretton Woods 3.0

Odd Lots

CHAPTER

Is It a Big Central Bank Liquidity Impulse?

Since the year two thousand, ah, there has always been a big central bank on the margin, buying a lot of treasuries. A big central bank liquidity impulse is always there to be a marginal buyer. Now, whe cant we talk about this? You know, china is not buying any more. Hedging cuts your way to hem. The curve is flat. So it doesn't pay any more to to buy anything on an effex e basis any more. Tean is close to one 50. We are basically expecting the private sector to step in instead of the public sector,. Inflation is as uncertain as it has ever been. What i'm quite certain of is that

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