164.1 TIC-ked Off About Not Enough Money to Recover Global Economy
———Ep 164.1 Summary———
America’s September 2021 Treasury International Capital data corroborates dis/deflationary indications observed across various sources, the vast majority of which imply there’s not enough money, and/or it’s inadequately distributed, for the global economy to achieve permanent recovery.
———Ep 164.1 Topics———
00:00 TIC: Consistent, Coherent, Corroborated, Inflation Never Had A Chance
00:32 September’s Treasury International Capital report points to a global “dollar shortage”
03:00 Stagflation (stagnant economy plus rising consumer prices) is a popular concern.
05:00 The TIC report does not gather data for securities lending
08:29 The FRBNY offers foreign institutions an option to repo US Treasuries.
10:46 Why do foreign central banks lend USD to the FRBNY to borrow US Treasuries?
14:45 Foreign central banks borrow US Treasuries from the FRBNY due to monetary shortages.
16:15 The Bank of Japan began a JGB-UST swap program in mid-2016.
18:48 Japan and the Caribbean are decreasing their credit-dollar redistribution to the world.
20:48 OUTRO: The background monetary condition strongly suggests shortage and inadequacy.
———Ep 164.1 References———
Macropiece Theater with Emil Kalinowski (a/k/a Alistair Cooke, a/k/a Alistair Cookie) reading the latest essays, blog posts, speeches and excerpts from economics, geopolitics and more. Interesting people write interesting things, why not listen and hear what they have to say? You could do worse things with your time (i.e. Bloomberg, CNBC, et cetera). Recent readings include thoughts from: Adam Smith, Arthur Schopenhauer, Bank for International Settlements, George Friedman, J.P. Koning, Jean-Paul Sartre, Karl Marx, Liberty Street Economics, Lyn Alden, Maroon Macro, Matt Stoeller, Michael Pettis, Myrmikan, Perry Mehrling, Robert Breedlove, Rohan Grey, Velina Tchakarova and yes, even Jeff Snider.
———See All Episodes———
———Hear All Episodes———
Jeff Snider, Head of Global Investment Research for Alhambra Investments. Illustrations by David Parkins, swine satire. Audio and video editor, The Terence. Logo design by pixelist Lisa Jiang. Master of ceremonies, Emil Kalinowski. Podcast intro/outro is “Different Days” by Chill Cole found at Epidemic Sound.
———Where To Find US———