Tuesday, January 22, 2019

The Fed and its measure

Reserves exiting the system in spite of consistent hikes in deposit rates.

The distribution of borrowers seems to be entirely mis-matched from the distribution of depositors. A true currency banker uses interest swaps, as needed, to keep the two balanced. The Fed is not a true currency banker, I now a currency banker when I see one, it is a spreadsheet macro called Structured Queue Match.

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