What's Up at the Fed? Supply & Demand, 12 Trading Notes, Microsoft Conference Should we care about Australia's central bank taking overtly aggressive action to reign in the long end of their yield curve? Yes, we should. Mar 01, 2021 | 07:55 AM EST Shot heard round the world? Like the crack of a bat on a sunny summer afternoon. Like the gust of wind that seems to come out of nowhere and blow your garbage cans across the street. Like discovering a small plastic toy when cleaning out the garage, a toy that is probably far older than you are yourself and instantly reminds you of "Grandma's house". Zero-dark thirty. Perhaps I am wrong, but what little "real-time" financial media that seems to be available... appears to have missed the significance of what happened on Sunday night in New York, or rather Monday in the land of Koala Bears and Vegemite sandwiches.