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Lou Crandall & Joseph Wang: A Monetary Plumbing Masterclass

Forward Guidance

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The SNL Crisis Versus Savings and Loans

Bank deposits have been running off very aggressively for the past year. That is coincided with some shrinkage of the Fed's balance sheet. The problem is we're getting to the end of the process of easy bank adjustments. We don't know exactly how that process will play out.

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