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Does the Fed Have Any Idea What It’s Doing? | Jeff Snider & Brent Johnson

Hidden Forces

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The Impact of Secondary Sanctions on the Iranian Economy

The idea that sanctions don't have any effect and they don't do anything, I would be very careful about going down that path. What makes a bank safe? Australian banks have 66% deposits to 33% wholesale funding. Are they safer than Eurodollar banks like Credit Suisse and Deutsche Bank? The question is actually thinking more systemically in the right way. Is it more assets or is it more liabilities? And I think it's more liability than it is assets.

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