interbank funding

‘Dollar’ Again; Exits Appreciably Narrower

By |2015-09-18T17:54:33-04:00September 18th, 2015|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

While outward asset markets have clearly been upended by the implications (at long last) of the Fed not doing anything, the internals of the money/”dollar” markets are actually worse. I don’t know if it could be classified as another forming “dollar” wave, but it doesn’t look good from this vantage point heading into an uncertain weekend. In many ways, the [...]

Gold Follow Up – Cyprus Wasn’t First

By |2013-04-16T15:40:45-04:00April 16th, 2013|Economy, Federal Reserve/Monetary Policy, Markets|

In yesterday’s post on the price of gold and its direct relation to collateralized liquidity I linked the shortage of collateral to QE. For the sake of space I omitted the demand for liquidity part of the equation. This post aims to fill in that variable, particularly in the context of the gold price shamble. We should not forget that [...]

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