global savings glut

The Great Eurodollar Famine: The Pendulum of Money Creation Combined With Intermediation

By Jeffrey P. Snider|2021-10-11T19:37:50-04:00October 11th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It was one of those signals which mattered more than the seemingly trivial details surrounding the affair. The name MF Global doesn’t mean very much these days, but for a time in late 2011 it came to represent outright fear. Some were even declaring it the next “Lehman.” While the “bank” did eventually fail, and the implications of it came [...]

A Glut of February’s

Ben Bernanke saw it even before he took over from Alan Greenspan. Like his “maestro”, however, Bernanke didn’t really know what to make of it. So, while early in 2005 Greenspan told of his version as an interest rate “conundrum”, his successor a month later tried to add more dimensions and details to the same puzzle via recognizing its clear, [...]

The Great Eurodollar Famine: The Pendulum of Money Creation Combined With Intermediation

A Glut of February’s

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