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Michael Pettis @michaelxpettis · Feb 24, 2023
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1/2 Very important article by @gilliantett pointing out that In our highly globalized financial system, centered on the US, US liquidity doesn't just depend on what the Fed does but is also affected by the B-o-P effects of other major central banks.

Article 2023
Financial Times
by Gillian Tett
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