Eurodollar University’s Making Sense; Episode 89, Part 2: Let’s Crack China’s RRR Code
89.2 China Warns World of (Next?) Dollar Disorder———Ep 89.2 Summary———The People's Bank of China lowers its bank Required Reserve Ratio to get money into a slowing economy. A lowered RRR means that there aren't enough [...]
Do Rising ‘Global’ Growth Concerns Include An Already *Slowing* US Economy?
Global factors, meaning that the wave of significantly higher deflationary potential (therefore, diminishing inflationary chances which were never good to begin with) in global bond yields the past five months have seemingly focused on troubles [...]
The Contraction Is Over, Which Means The Hard Part Only Begins
Conventional wisdom has said for a long time that a recession is two consecutive quarters of declining output. Where this idea came from, who knows. It’s a shorthand that was put together over time derived [...]
Eurodollar University’s Making Sense; Episode 89, Part 1: T-bill Scarcity So Obvious Jay Powell Tells Congress About It
89.1 Jay Powell Sees Safe-Asset Demand Surge; Why?———Ep 89.1 Summary———Jay Powell has confirmed a surging Fed program (RRP) is partly the result of safe-asset demand. But he plays it off as a monetary technicality, mere [...]
From China: Dollar, Deflation, And The RRRest
It’s not necessarily a discrepancy so much as maybe looking at the same thing from a different point of view. China’s State Administration of Foreign Exchange (SAFE) reports on, among other things, the widest definition [...]
Sorry, One More On Bills: Today A Really Good Example of All The Things We’ve Been Focused On Lately
I had intended to lay off the T-bills today, just to write about something else, anything else, but, as often occurs, circumstances intervened. We’ve been subjecting you to seemingly unrelenting focus on Treasury bills’ various [...]
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