Daniela Gabor on Financial Globalization, Capital Controls, and the Critical Macrofinance Framework
Macro Musings with David Beckworth
00:00
The Fed Stepped Up to the Plate and Helped Out Shadow Banking
Just because there's technical problems in the market for safe assets doesn't mean the broader demand isn't there. The fact that tenure treasury yields are still reallylly lowiean, i was looking at the the e c b's a yoker. Much of it is still negative, below zero perst right? There's still a huge demand. And despite the fact that the fet has bought up so much, the us. Defisits have gone up so much,. we still have low inflation, low interest rates. That alls, to me, screams ere still this the safe asset shortage.
Transcript
Play full episode
