Pakistonomy - Episode 149 - Is the US on the brink of another financial crisis?
Pakistonomy
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The Fed's Flexibility in the Global Financial Crisis
The Federal Reserve and many other central banks around the world have learned to be a lot more flexible based upon the playbook of what happened in the global financial crisis. The ability of the Fed to create these facilities and use them in targeted ways is much more dramatically impactful now than it was even during a financial crisis, certainly before that.
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