Bank Reserves Are Irrelevant. QE Works!
Posted October 16, 2020
Many people believe that when the Fed creates money through Quantitative Easing, that that money simply gets stuck in the banks as Bank Reserves and
Tag Archives: Bank Reserves
The Velocity Of Money Is Irrelevant
Posted September 26, 2020
Although the subject of the new Macro Watch video is the irrelevance of Velocity in the 21stCentury, the video begins with a brief comment on
The Repo Crisis and The Fed
Posted November 13, 2019
On September 16th, the interest rate in the overnight Repo Market shot up to nearly 10%. It should have been below 2.25%. There was no shortage