A collection of 4 posts
Early last week I started working on a piece on why the Federal Reserve didn’t step in during the Trump Tariff Financial Panic. The basic idea of that piece is simply that
Notes on the Crises pivoted on February 1st into around the clock coverage of the Trump-Musk Treasury Payments Crisis of 2025 Read Part 0, Part 1, Part 2, Part 3, Part 4, Part
UPDATE 4:21 PM: MARKO ELEZ HAS RESIGNED. WALL STREET JOURNAL CLAIMS IT WAS OVER "RACIST POSTS". OBVIOUSLY NOT TRUE- WIRED, TALKING POINTS MEMO AND I GOT HIM. NEED TO REST,
If you are a current or former career “civil service” Treasury or Federal Reserve System employee, including in the general counsel’s offices of either entity, and you have detailed knowledge of how