3min chapter

Forward Guidance cover image

The European Central Bank Goes On The Offensive | Daniel Neilson (LIVE)

Forward Guidance

CHAPTER

Liquidity in the Treasuries

In 2008 the problem wasn't Uh illiquidity in the treasury market. It was it was general illiquidity because of securities dealers inability to uh to make markets So I think that I think you know We could dig a long way into this and so let me say instead of dig instead of doing that right now Let's read 2008 and follow these liquidity issues all the way through And I think it's important that we do that it's not going to happen again in exactly the same way But it is going to happenagain in some way and the story doesn't change all that much.

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