Saturday, December 9, 2017

Financial stability, according to government

Tim Taylor read the government report so we don't have to:

What Financial Risks are Lurking 

The Financial Stability Oversight Council, another creation of the Dodd=Frank  law. It's Financial Stability Report 2017 discusses some "key vulnerabilities" of the financial system.


  1. Cybersecurity Incidents.
  2. Resolution Risks at Systemically Important Financial Institutions A
  3.  Single Bank Deals with all Treasury Securities.
  4. Fragmentation of Stock Markets.
  5. Risks of Low Interest Rates and Volatility Increase Risk-Taking.
They mean, Ruskies stealing our Equifax and Yahoo IDs in the first point. The second is that the debt cartel is getting more compact as the government bankruptcy dominates the market.  Points 2,3,4  points go together, it is all about constrained channel. Point five is about lowered growth because the Swamp is a bot anchor.

Solving the first point makes alternative money standard available,thus solving the rest of the problems.

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