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The Backstop Clock: Pricing the Twenty-Day Window in Code

This story is from 2026-09-18. It is preserved in the archive; the latest stories are on the live feed.

Part 11 ended with a promise: stop treating the Fed as a residual and make the policy explicit — backstop = f(trigger_t, lag_t, coverage, object) . This is the module that delivers it. policy_backstop.py (V10-P1) races the policy clock against the margin cascade, calibrated on the March 2020 calend…

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  1. 2026-09-18 03:26 · DEV Community — AI
    The Backstop Clock: Pricing the Twenty-Day Window in Code

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