nothing complex is easy
Posted on: April 15, 2025 at 07:54:26 CT
FootballRefugee
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whether you like it or not, or whether it all works or not, the process is very dynamic and full of competitive and sometimes surprising pitfalls with high stakes and opposition from smart sovereign players at every turn.
It's not over. The carry trade is resuming (decent sign) but the Treasury basis trade unwind is still a big pothole. An uncooperative Fed is the next one.
What no one sensible and aware can deny is that action is overdue - and that some things needed to be done.
Edited by FootballRefugee at 07:55:08 on 04/15/25