Tag Archive for Bank Reserves

Real and Illusory Credit – Frederick J. Sheehan

 “When Ro-Ro goes No-No” expounded upon the ultimate futility of conjuring illusory wealth. Bernard Connolly’s analysis, “Rethinking the Rogoff-Reinhoff Thesis,” made the case. Connolly wrote This Time is Different: Eight Centuries of Financial Folly, “is largely an exercise in measurement rather than theory (while many of the data in the book are new, little or…

Fed’s balance sheet grows above $3 trillion, finally impacting the monetary base – Sober Look

This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. Total assets of Fed’s balance sheet broke through $3 trillion last week, hitting a new high, as securities purchases are stepped up (including treasuries). Fed’s balance sheet as of 1/16/13 (source: FRB) And for the first time since…