#recession … #Fed Pushing on a String edition https://t.co/VKDj7twsJY
— Invariant Perspective (@InvariantPersp1) October 29, 2020
It’s not just that he and others like him have the cart before the horse here; they don’t even know which is the cart and what’s the horse.
In other words, the Treasury market didn’t grow too big – THE GLOBAL DOLLAR SHORTAGE DID! https://t.co/aHhflD7tYv pic.twitter.com/uBHMl17Ji1
— Jeffrey P. Snider (@JeffSnider_EDU) October 28, 2020
U.S. States Face Biggest Cash Crisis Since the Great Depression https://t.co/6YNJWaaXuV#recession #recovery https://t.co/Eo7mTVtt3d
— Chris Lehnes (@chrislehnes) October 29, 2020
A surprise to me, but the data look hard (i.e., not sentiment-based, like the #PMIs). Of course, as the header suggests, these indicators are looking increasingly lagging: https://t.co/gAADDdOtIz #Europe #EuropeanUnion #economy #recession #recovery? #CCPVirus #coronavirus
— (((Alan Tonelson))) (@AlanTonelson) October 29, 2020
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