With its announcement this week that it will keep interest rates near zero until at least late 2014, the Federal Reserve has put another large crack into the foundations underlying the US dollar. In a misguided attempt to provide clarity and transpa…
Road map that brings shadow banking out into the open
Shadow Banking; FRB of New York Staff Report no 458
This week, a senior banker friend gave me a poster that had been created by downloading a chart recently produced by economists at the New York…
The Fed’s H41 will be posted just after the market close, and we will have a complete review and analysis of that data in tomorrow’s…