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Japan’s Yield Curve Control Regime is Coming to America
The central planners at the Fed and the U.S. Treasury, like the central planners at the BOJ, want a yield curve that looks just right. Namely, they want a yield curve that uniformly steps up like topographic elevation curves step up from California’s Death Valley along the face of the Eastern Sierra to the Mount Whitney summit. Continue reading
Posted in Government Debt, MN Gordon
Tagged bank of japan, haruhiko kuroda, neel kashkari, steven mnuchin, yield curve control
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