TIC: Consistent, Coherent, Corroborated, Inflation Never Had A Chance
The TIC data is great, it’s fantastic and wonderful if by comparison to the utterly slim pickings available elsewhere – which is practically nil. Compared to what I’d really like to know, the series leaves a ton out there. This is understandable if still unforgivable; on the one hand, the Treasury International Capital report itself predates the eurodollar system by [...]
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