Urjit Patel And The Dollar Liquidity Shortage Debate

Listen, the RBI's Urjit Patel is concerned about dollar liquidity, but really, he's concerned that the Fed didn't adequately account for Trump's lunatic plunge into late-cycle fiscal stimulus. Patel wrote an Op-Ed for FT on Sunday which is getting a fair amount of play hopefully because of who wrote it and not because of what it says, because anyone who has been following along over the past eight months could have written it themselves in the space of about 15 minutes. That's not to disparage