Basis trade helping to absorb the huge amounts of short-term treasuries? IORB to prevent inflation/reckless loan behavior from banks due to QE liquidity, and then SRF (standing repo) to make sure there's always cash to handle those big short term flows? Avoid rates spiking… 🧐 I can barely follow.

Klinkt ook wel geweldig vaag. 😁 Althans die akkanto post… benieuwd.

Already looking forward to the Household debt and credit report from NY Fed on Feb 10 to see how 90+ days delinquencies are doing…

Interesting read! Not to complicate this already fairly cerebral article but I'd say there's also a continuous feedback loop between "The enculturated economic actor", institutional structures and an economic model. So they're being shaped together through time. Looking forward to the new book.

US Ambassador in Brussels… I'm out of words…

Check the Brussels US Ambassador… when asked about US serving interests instead of being allies, we get a moving war story including teary eyes and an embassy coin in the end. I'm flabbergasted. Full video on YT www.youtube.com/watch?v=1Yoi...

Previously 900k…

Trump's Republicans hold majorities in both chambers of Congress, but legislative rules require 60 of the 100 senators to agree on spending legislation. That means that at least seven Democrats are needed to pass a funding bill.