Yeah, we need a new Plaza Accord like we need the Great Reset.
— Tom Luongo (Give Deflation a Chance!) (@TFL1728) October 21, 2022
Japan is fine, nearly $1 trillion in USTs
Europe won't get USD from the Fed, they raided UK treasury to defend the euro.
The Swiss had real liquidity issues while Credit Suisse was under attack. Swaps appropos here https://t.co/j3Vfwj8Bn8
Friday, October 21, 2022
"the Fed is once again fighting the last war, not the emerging one."
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