🟢 [E486] The debt wall cannot be ignored and must be funded in addition to this year's fiscal deficit. New liquidity transmission mechanism being built partly to address this.

🟢 [E495] Financial markets will be volatile as game changes and participants make necessary adjustments. 'This is going to be a rough ride. Please use non-recourse leverage or no leverage at all during this phase.'

🟢 [E377] Howell is 'all fucked up' because he's not incorporating transmission mechanism dynamics. The liquidity readings might as well be on the moon if they don't reach risk assets.