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:
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.
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