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The Pandemic of the Global Financial System
A pandemic had this, you know, almost existential effect on the treasury market and almost broke it in two. It was only absolutely extraordinary action from the federal reserve, pulling out all the stops, that had been invented for the global financial crisis,. What is it about a pandemic, or tispandemic that had such an outsize effect on us? Govern bots? Yes, i i mean, the action of the fairies, you said, is justitis. Worth just saying some of the numbers. I mean, they were buying a million dollars a second. They were buying over 70 billion dollars of treasuries a day. Those are the sort of numbers we saw per
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