62.1 You Won’t Believe it: Fed Admits QE is Unhelpful ———Part 1 Summary———Two Federal Reserve researchers claim the Fed, “can effectively reduce the [fragility] of the financial system by reducing the size of its balance sheet.” REDUCING, not growing! To understand their conclusion we discuss: money dealers, interbank loans and collateral. ———Episode 62 Intro——— “I glanced at the list, running … Continue reading Eurodollar University’s Making Sense; Episode 62; Part 1: Fed Starts to Figure Out How It Really Works, Or QE’s Achilles Heel