Surveillance: US Payrolls Crush Estimates
Bloomberg Surveillance
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M2 Exploding With a Biden Stimulus
M2 exploding with Biden stimulus and M2 coming out for BlackRock. How disruptive is this huge variability of M2? It's a huge deal in terms of the structure of interest rates, monetary policy. There are some unintended consequences, the role of RRP in creating competitiveness to deposits. That's all part of the newness of what does it mean to operate with a balance sheet that went from 6% of GDP to 35% of GDP.
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