by It’s as if the Fed did two 0.25% rate increases over the last two months:The Treasury yields making new 2021 highs today:2s3s5s7s pic.twitter.com/EUgvwtQBLV— Brian Chappatta (@BChappatta) November 22, 2021 MMT 101: “all prices are a function of what the government allows their banks to lend against things”; so it’s as if the Fed has delegated authority to the member institutions to increase the short term risk free rate by 0.5%So now of course the NPVs of the banks govt bond assets are falling and resulting in regulatory capital deficiency (C=A-L):JPMORGAN, GOLDMAN SACHS TOLD TO BOOST CAPITAL BUFFERS - WSJ— *Walter Bloomberg (@DeItaone) November 23, 2021 So you Art Degree lefties big “neoliberal conspiracy!” continues apace where these crafty geniuses lend munnie to monetarist moron
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It’s as if the Fed did two 0.25% rate increases over the last two months:
The Treasury yields making new 2021 highs today:
2s
— Brian Chappatta (@BChappatta) November 22, 2021
3s
5s
7s pic.twitter.com/EUgvwtQBLV
MMT 101: “all prices are a function of what the government allows their banks to lend against things”; so it’s as if the Fed has delegated authority to the member institutions to increase the short term risk free rate by 0.5%
So now of course the NPVs of the banks govt bond assets are falling and resulting in regulatory capital deficiency (C=A-L):
JPMORGAN, GOLDMAN SACHS TOLD TO BOOST CAPITAL BUFFERS - WSJ
— *Walter Bloomberg (@DeItaone) November 23, 2021
So you Art Degree lefties big “neoliberal conspiracy!” continues apace where these crafty geniuses lend munnie to monetarist moron inflationista asshole speculators to sell the bonds at lower prices to make a few pennies on interest in the quarter which reduces the value of their regulatory required govt security assets by $10Bs and requires them to raise even more capital to dilute themselves even more…
Yes these crafty “neoliberals!” are really geniuses and getting over on us again everyday! ?