Zoltan Pozsar Calls For Bretton Woods III | Joseph Wang
Forward Guidance
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Bitcoin's Great Bull Run in 2020
When you do quantitative t tightening what happens is that so the treasury issues new debt To refet and to repay the fed. They are actually incentivized to issue longer dated treasuries to lock in low rates It's like if you're getting a mortgage, right? The point is even if they were bonkers And they issued a whole bunch of bills. Let's say got that to above 20 that shared to above 20 But bulk of the issuance would still be in long dated tenors.
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