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TIP488: Current Market Conditions W/ Richard Duncan
We Study Billionaires - The Investor’s Podcast Network
What's Happening to Bank Reserves?
The Fed has created so much money through quantitative easing, starting in 2008. At the peak a few months ago, they had increased to $9 trillion. Since those bonds pay interest to the Fed, the Fed has a lot of interest income. And since it created the money that it used to buy those bonds for free, it has very little interest expense thus far.
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