?distribution around future fed balance sheet? We don't need to know earnings products or any of that fancy schmanzy stuff any more
all we need is the shape of the distribution around future fed balance sheet and associated probabilities , and we can reverse engineer " fair value" of our favourite fed derivative : the qqq
prob less than 7 trillion I put at zero lol
10 trillion ?? 20 trillion ???
funny money getting long into this ball game