Discover and read the best of Twitter Threads about #QEInfinity
Most recents (5)
It is rare for central bankers to be blunt.
Huw Pill's "people need to accept" they're poorer is more than a slip of the tongue.
What central bankers are telling you, is they will not be able to do their job.
Huw Pill's "people need to accept" they're poorer is more than a slip of the tongue.
What central bankers are telling you, is they will not be able to do their job.
Balancing price stability vs financial stability in a post #QEinfinity world is a difficult act.
“There is no trade off between price stability and financial stability", said ECB President @Lagarde in March.
That is true, until something breaks.
“There is no trade off between price stability and financial stability", said ECB President @Lagarde in March.
That is true, until something breaks.
But the recent SVB, CS and FRC crises show us that after over a decade of low rates and low volatility, the financial system is fragile.
And that the solution inevitably involves some degree of government support.
What are the conclusions?
And that the solution inevitably involves some degree of government support.
What are the conclusions?
USA Timeline
'46-'70: Trust us, we're stable. No corruption here. We can be the trusted currency.
'71: Aaactually...
'72-'20: Hah, we can just erode EVERY OTHER NATION'S buying power, no consequences for us! PRIIIIIIIINT!
'21: Buy our debt or we all suff-.. oh, you already are.😱
'46-'70: Trust us, we're stable. No corruption here. We can be the trusted currency.
'71: Aaactually...
'72-'20: Hah, we can just erode EVERY OTHER NATION'S buying power, no consequences for us! PRIIIIIIIINT!
'21: Buy our debt or we all suff-.. oh, you already are.😱
Part of the underlying mentality of Bretton-Woods in 1946, when the #USD became the world's reserve #currency, was an acknowledgment of the lessons learned during the inter-war years.
One of the key areas weighted was the concept of economic security to ensure post-war peace.
One of the key areas weighted was the concept of economic security to ensure post-war peace.
A quote by Cordell Hull (U.S. Secretary of State, '33-'44) reflects his belief that the fundamental causes of the two world wars lay in economic discrimination and trade warfare:
Unhampered trade dovetailed with peace; high tariffs, trade barriers, and unfair economic...
Unhampered trade dovetailed with peace; high tariffs, trade barriers, and unfair economic...
"The US economy was largely frozen, causing 54M Americans to file for unemployment benefits since March 21 and 2q GDP to shrink by an annualized 32.9%, 3x the greatest quarterly decline in the 70 years of recorded quarterly history." Oaktree memo.
Interesante reflexión de H Marks: "So rather than the desired progression of infection, coma, life support, treatment, cure and resuscitation, we’ve had a progression of infection, coma, life support, treatment and resuscitation. The cure is missing." #Covid19
"Titanic forces are arrayed against each other: Fed and Treasury versus disease and recession. Which will win?" HM (The Fed & The Markets). #landscape 
Left& @RahulGandhi went berserk when #Moodys downgraded India
Well,besides #Fitch,which projects 9.5% growth for India in FY22,S&P has retained BBB minus,but with #StableOutlook
S&P has praised India's sound net external position&closing of fiscal gap under @narendramodi govt💪
Well,besides #Fitch,which projects 9.5% growth for India in FY22,S&P has retained BBB minus,but with #StableOutlook
S&P has praised India's sound net external position&closing of fiscal gap under @narendramodi govt💪
S&P forecasts #GDP growth of 8.5% for India in FY22
S&P's #StableOutlook has been received pretty well by Bond markets with 2029 bonds trading at #Yield of 5.98%&2030@ #BondYield of 5.77%
Global markets will seek cues from #FOMC,as it concludes its 2 day meet today
#Coronavirus
S&P's #StableOutlook has been received pretty well by Bond markets with 2029 bonds trading at #Yield of 5.98%&2030@ #BondYield of 5.77%
Global markets will seek cues from #FOMC,as it concludes its 2 day meet today
#Coronavirus
Well,well--#Fed decides to keep rates at #zero,till 2022!In other words,for next 18 months,expect global asset markets to be driven #northwards, by the big #LiquidityTap-Yes #QEInfinity is here
Fed will buy $80billion of treasuries &$40bn of #MBS each month-HUGE
#OperationTwist
Fed will buy $80billion of treasuries &$40bn of #MBS each month-HUGE
#OperationTwist
True #DeFi #ecosystem development takes time, dedication and, most importantly, proper #Token incentivization methods.
Here's a thread from @shanghaipreneur about #crypto monetary policy
&
The $FNX strategy to bootstrap network effects.
1/23
medium.com/finnexus/finne…
Here's a thread from @shanghaipreneur about #crypto monetary policy
&
The $FNX strategy to bootstrap network effects.
1/23
medium.com/finnexus/finne…
@shanghaipreneur #DeFi is a movement - the collective vision of everyone all over the world working feverishly towards bringing about a viable alternative to the global financial system.
After all, it's a #brrrrr #brrrr world and, for now, we're just livin' in it.
2/23
After all, it's a #brrrrr #brrrr world and, for now, we're just livin' in it.
2/23
@shanghaipreneur Like it or not, every #crypto project starts out as a central bank, like the Federal Reserve.
They then have to figure out how to #decentralize those roles. After all, they are creating a #token that powers their own micro-economy.
3/23
They then have to figure out how to #decentralize those roles. After all, they are creating a #token that powers their own micro-economy.
3/23
