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Just as low interest rates are being validated in every way, some Economists like Nouriel Roubini are alleging that yields are instead being held down by noted monetary genius Janet Yellen who has the Treasury Department engaged in a form of stealth QE. The problem is actually Economists who think interest rates are nothing more than tools to be manipulated by all-powerful govts when in reality they are more accurate though not perfect reflections of how govts fail. Eurodollar University's Money & Macro Analysis Roubini/Miran Hudson Bay Capital ATI: Activist Treasury Issuance and the Tug-of-War Over Monetary Policy https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/635102_Activist_Treasury_Issuance_-_Hudson_Bay_Capital_Research.pdf FT People are flipping out about T-bill issuance https://www.ft.com/content/f0f62f0b-fee2-463a-a075-3b8dab333f40 TBAC Fiscal Year 2023 Q3 Report https://home.treasury.gov/system/files/221/TreasuryPresentationToTBACQ32023.pdf TBAC April 30, 2024 https://home.treasury.gov/system/files/221/TBACCharge1Q22024.pdf CNN 'Dr. Doom' explains why the Fed will lose its inflation battle https://www.cnn.com/videos/business/2022/10/19/nouriel-roubini-markets-now.cnn-business Bloomberg Roubini Sees Significant Chance of ‘No Landing’ for US Economy https://www.bloomberg.com/news/articles/2024-03-04/roubini-sees-significant-chance-of-no-landing-for-us-economy https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU |