by Summary:
Figurative language ... OUT.... THE.... ASS... methinks this JPM guy is definitely 100% Liberal Arts trained ie unqualified....... but here is the money line: When bank leverage is rising in this way, the most effective offset is shedding assets. Squirrel gets a nut... And btw for MNE commie peanut gallery... checkmate! AGAIN! .... for like the 1005th time! Josh Younger's third (and final) post tries to draw lessons from the "basis" crisis of March.https://t.co/9ZUGGInkUL — Brad Setser (@Brad_Setser) July 24, 2020
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Figurative language ... OUT.... THE.... ASS... methinks this JPM guy is definitely 100% Liberal Arts trained ie unqualified....... but here is the money line: When bank leverage is rising in this way, the most effective offset is shedding assets. Squirrel gets a nut... And btw for MNE commie peanut gallery... checkmate! AGAIN! .... for like the 1005th time! Josh Younger's third (and final) post tries to draw lessons from the "basis" crisis of March.https://t.co/9ZUGGInkUL — Brad Setser (@Brad_Setser) July 24, 2020
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
Mike Norman writes The Accursed Tariffs — NeilW
Mike Norman writes IRS has agreed to share migrants’ tax information with ICE
Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
When bank leverage is rising in this way, the most effective offset is shedding assets.
Squirrel gets a nut...
And btw for MNE commie peanut gallery... checkmate! AGAIN! .... for like the 1005th time!
Josh Younger's third (and final) post tries to draw lessons from the "basis" crisis of March.https://t.co/9ZUGGInkUL— Brad Setser (@Brad_Setser) July 24, 2020