The Carter Credit Crisis
The shortest, sharpest recession, and the Fed dusts off the GFC playbook
Federal Reserve is going all in
Thursday’s $1.5 trillion liquidity injection that extended ‘Not QE’ Treasury bill purchases to the entire yield curve was a clear signal the Fed is in full financial crisis emergency mode. Make no mistake, the evolution of the crash from supply chain disruption to a consumer demand shock, is now a full-scale liquidation of…