by Summary:
More “banks lend out the reserves!” belief… i.e. cognitive reification of Accounting abstractions… this is ofc not unique to USD zombie China…China’s central bank cut the amount of cash most banks must hold in reserve in order to boost lending in the economy as growth starts to wane https://t.co/624rGOniv6— Bloomberg Markets (@markets) July 9, 2021
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More “banks lend out the reserves!” belief… i.e. cognitive reification of Accounting abstractions… this is ofc not unique to USD zombie China…China’s central bank cut the amount of cash most banks must hold in reserve in order to boost lending in the economy as growth starts to wane https://t.co/624rGOniv6— Bloomberg Markets (@markets) July 9, 2021
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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More “banks lend out the reserves!” belief… i.e. cognitive reification of Accounting abstractions… this is ofc not unique to USD zombie China…
China’s central bank cut the amount of cash most banks must hold in reserve in order to boost lending in the economy as growth starts to wane https://t.co/624rGOniv6
— Bloomberg Markets (@markets) July 9, 2021