@profsufi i think it's crazy that in order to make money, traders need to believe lies even though they know they're lies

@profsufi That *is* monetary policy. Carrying costs (fin'l securities) versus liquidity, and the risk premium that each represents.

@profsufi The "craziest" thing you refer to is politics. It led to the laws that bar certain US CB purchases, including newly-issued Tsys.

.@profsufi yes, crazy because trading should be based on information. Better ways to relieve shortage of information insensitive securities.