Cash withdrawals from bank accounts exceeded 2 billion euros on Wednesday and Thursday, according to bank officials, as the vast majority of Greeks appear to…
At any given time, then, there will be a sizable amount of euros flowing into Greek bank accounts. Even if some of this is immediately…
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One Around Two
We are near the edge on a few situations in the FX markets. I’m watching the EURCHF and the USDYEN.
The market traded EURCHF to a low of 1.2032 today. It closed at a (slightly) safer 1.2044. I would not be surprised to see this cro…
Sunday, September 18, 2011
Bank Deposits increase Sharply
by CalculatedRisk on 9/18/2011 09:19:00 AM
From Scott Reckard at the LA Times: Bank deposits soar despite rock-bottom interest rates
Americans are pumping money into bank accounts at a blist…
Massive inflows of cash into the US financial system from elsewhere around the world boosted liquidity indicators last week and kept a bid under US…
The US market got some help this week from the capital flight out of Europe, but the underlying sources of liquidity are weakening. All but…
We still have a month of QE to look forward to and as long as that cash is flowing the markets will see a bid.…
Seriously.
QuoteMr. Adler is working under the false premise that govt bonds “fund” the spending of the USA. This is false. Govt bond sales serve only as a reserve drain that help the Fed hit their overnight target rate. In a modern economy wh…