The Next Big Trade - Jeff Snider on the “Grotesquely Upside Down” Eurodollar Futures Curve
Real Vision: Finance & Investing
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Do Reserves Matter?
Bank reserves are a tool that you can use to see what the fete is doing, or the level of bank reserves beyond a certain threshold. Banks are unwilling to expand their balance sheets gardless of the level of reserves. Reserves don't correlate with the real economy or the real monetary system anyway,. It haven't for 50 years. So cu t is really more about the fed playing its political role, which is to say to the public, by enlarge, hey, we hearyo about these c p is. We're doing something about it.
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