Weekly Roundup 06/17/22 (Celsius chaos, Market contagion, the Fed's Quandary) (EP.326)
On The Brink with Castle Island
Is It Better to Run the Volcar Playbook?
It's going to be hard to run the volcar play book, just given the debtload of the us Government. A lot of that debt is long dated, and so what you'd probably end up seeing as a wave of corporate bankruptcies before you'd really start to get into sovereign issues. The alternative would be to impose some kind of yield curve control. And i, like you were siing in japan and a, you know, rely on the assuance of dollars in order to maintain that cap on yields. But if you're looking at a deflationary bust, depression and non employment,. Ah, i think that's worse.
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