
Raoul Pal: What Happens If Trump's Dollar Playbook FAILS?
Macro Mondays
Navigating Liquidity in Turbulent Times
This chapter delves into the challenges facing liquidity in the current market, particularly in light of high interest rates and recent gilt market upheavals. It also examines the role of the discount window as a potential solution for banks, while considering broader international relations impacting US bond purchasing strategies.
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