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Money market warnings have become too big (2008-ish) to ignore. Here come the excuses. Debt ceiling?
Something is going on with bills. There's a debt ceiling deadline looming. Two must be related, says the mainstream, otherwise the former would mean something bad and Jay Powell said nothing bad could happen - more than the other stuff that already did, of course.
Eurodollar University's Money & Macro Analysis
Quantitative Easing: How Well Does This Tool Work?
https://www.stlouisfed.org/publications/regional-economist/third-quarter-2017/quantitative-easing-how-well-does-this-tool-work
Twitter: https://twitter.com/JeffSnider_AIP
https://www.eurodollar.university…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.