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:
New Economics Foundation writes Sharing the carbon pie with a frequent flyer levy
Peter Radford writes The eclipse part wo
Matias Vernengo writes The Argentina of Javier Milei
Joel Eissenberg writes On student loans
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