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21 sats \ 0 replies \ @02bcd3eeb0 19 Apr 2024 \ on: ECB will cut interest rates into reflation econ
Have you heard Tom Luongo's thesis, that Powell is doing this to break European banks' ability to create eurodollars? And he has only been able to do so over the last few years because SOFR has replaced LIBOR for all US private debt.