BBG: Banks low on “cash!”

Summary:
LOL what do these Bloomberg journo morons think the Fed has been doing by reducing system Reserves by B/mo for the last 3 years?????Ever take a f-ing Accounting course you unqualified assholes????? Even as hedge funds and smaller broker-dealers lean more heavily on the biggest U.S. banks for borrowing in repo markets, the lenders’ cash holdings have been declining https://t.co/ug3c7LTkUz pic.twitter.com/mqOXz5vn92 — Bloomberg Markets (@markets) December 10, 2019

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00

Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow

Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten

Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.