by Remember: these moron unqualified libertarian people are capable of anything.Like yesterday's abrupt change in reserve asset policy ending the planned b per month reduction in system reserve assets 2 months earlier than previously indicated.Bank system now has to adjust (bearish) to arrange for inclusion of the additional b of these non-risk assets they will now have to possess.Bank system currently only adding about b per month of total bank credit so this now additional b of non-risk assets the Fed is going to add to the system to probably (to these unqualified morons) to "lend out!" is going to displace about 1 month's total credit production for the system...Accordingly the result of this surprise increase in non-risk reserve asset policy was immediately bearish for risk
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Jeremy Smith writes UK workers’ pay over 6 years – just about keeping up with inflation (but one sector does much better…)
Robert Vienneau writes The Emergence of Triple Switching and the Rarity of Reswitching Explained
Lars Pålsson Syll writes Schuldenbremse bye bye
Robert Skidelsky writes Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.
Remember: these moron unqualified libertarian people are capable of anything.
Like yesterday's abrupt change in reserve asset policy ending the planned $35b per month reduction in system reserve assets 2 months earlier than previously indicated.
Bank system now has to adjust (bearish) to arrange for inclusion of the additional $70b of these non-risk assets they will now have to possess.
Bank system currently only adding about $70b per month of total bank credit so this now additional $70b of non-risk assets the Fed is going to add to the system to probably (to these unqualified morons) to "lend out!" is going to displace about 1 month's total credit production for the system...
Accordingly the result of this surprise increase in non-risk reserve asset policy was immediately bearish for risk asset prices... we'll see how much over the next week...
Not good surprise policy change from Powell Fed; really screwed the banks (again)... we may start to see some criticism of Powell from more than just Trump.
The Fed also gave #Trump something else he has demanded in his unrelenting attacks: an early end to a policy known as "quantitative tightening" or QT.
— Qatar Tribune (@Qatar_Tribune) July 31, 2019
https://t.co/DdDRPgMUzD