Q&A #39
What did Jeff say on RealVision? What did Jay Powell mean a couple years ago when he admitted T-bills are scarce? Is there anything to MMT? Are EM banks at risk of bankruptcy? Can we ever quantify and measure the eurodollar system? What do money market funds tell us about the specialized nature of eurodollar parts? And how dealers conduct it all? Do we all have to unlearn everything we’ve been taught about finance and economics in order to understand what unit roots are telling us?
