Tapering IS Quantitative Tightening
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Notably, Stephen Miran and Nouriel Roubini recently published a paper about “Activist Treasury Issuance” which is their term that refers to the Treasury Department taking unusual actions to offset the Fed’s tightness. Both Miran and Roubini are economics PhDs and worked in various capacities with the Treasury Department in the past.
In the paper,
... See moreLyn Alden • Potential Asset Rotations: Deep Dive Analysis
The game is to replace Fed QE with 'Treasury QE', but it may not be enough. Rate cuts irrelevant
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