ATI: ACTIVIST TREASURY ISSUANCE

The 'tourist explains Roubini's new theory and where Dr. Doom goes wrong

Last week, a firm called Hudson Bay Capital released a paper titled “ATI: Activist Treasury Issuance and the Tug-of-War over Monetary Policy.” It’s authored by Stephen Miran, who worked in the Mnuchin Treasury, and Nouriel Roubini, the NYU Professor better known as Dr. Doom.

It might seem like a rather nuanced econ-nerd topic, but Secretary Treasury Jan…