AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min snip
The Great Liquidity Debate | Michael Howell & Andy Constan
Forward Guidance
Exploring the manipulation of treasury issuance and yield curve control
In a conversation about mortgage rates and government manipulation of finances, Michael argues that the current situation is a form of shadow yield curve control, while Andy emphasizes the importance of understanding these tactics. Michael believes that quantitative easing (QE) has ended and argues that the authorities are subtly trying to manipulate the bond market through bill issuance and other methods, which he calls yield curve control. Janet Yellen's role in controlling the yield curve is highlighted. The conversation also touches on the bank term funding program, which they agree was a joint effort.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode