Tag Archive for Bank Reserves

Real and Illusory Credit – Frederick J. Sheehan

This is a syndicated repost courtesy of Au Contrarian. To view original, click here.  “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…

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. 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 this program was…