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Banks: The Big Picture

The Macro Trading Floor

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The Fed's Balance Sheet: What We Know

The Fed has told us that they think something is not too good in the system. That could be one of the reasons why we often see markets selling off into the very first stage of a easing cycle. The surprise this week was the utilization of the so-called FIMA program, which allows other central banks around the globe to tap liquidity from the Fed.

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