THE COMING TGA TSUNAMI
Yellen has finally given us a roadmap to the TGA unwind.
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Over the past year, I have written a couple of pieces about the Treasury General Account (TGA). The first was TAKING A DEEPER DIVE INTO THE TGA, but the second was probably more appropriately titled, TGA: ANOTHER USELESS POST? Although the TGA is a fascinating discussion topic, so far it hasn’t mattered one iota. Those of us harping about the TGA mig…