Joshua Younger on the Treasury Market: Structure, Stressors, and Potential Reforms
Macro Musings with David Beckworth
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20 20 - Not a Problem to Solve For
20 20 is not presenting a problem to be solved as much as high lighting concerns that we're already there, but much easier to kind of ignore. We shouldn't have a market that can withstand widespread speculation that will shut down to morrow for an indeterminate period of time. And so what 20 20 does as it really reveals the flaws in the system in a very naked way, and so they're worth fixing - even if we aren't hardening the system against that sort of event.
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