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This is a better publicly available recount of events: https://www.ft.com/content/345da16e-d967-11e9-8f9b-77216ebe1f17 https://www.ft.com/content/345da16e-d967
by whatok 7y ago
This is a better publicly available recount of events:
https://www.ft.com/content/345da16e-d967-11e9-8f9b-77216ebe1f17 https://www.ft.com/content/345da16e-d967-11e9-8f9b-77216ebe1...
This is a pretty technical subject with a lot of moving parts so it's hard to really have a full understanding of things. This is not a one-off event and can easily happen in the future under similar or different circumstances unless the Fed makes some changes (that they've been seen behind the curve on). This is easily dismissed right now but this happened under relatively calm market conditions. When stuff like this happens under more volatile markets stuff breaks really quickly.
- mrosett 7y agoThis is a much better link than the original story.
- throwaway5752 7y agoThe Fed is not behind the curve. The Fed's role is to keep the inflation at target rates. Not finance structural budgetary deficits through quantitative easing.
- deleted 7y ago[deleted]
- mzs 7y agoThank you, here is a great thread as well. There is some doubt it was about the taxes coming due: https://twitter.com/moorehn/status/1174179038136610817 https://twitter.com/moorehn/status/1174179038136610817