fbpx

offshore funding

Powell Surrenders: I Told You Last Year It Was A Lie; Or, Here’s Almost The Whole Of It

By |2019-06-19T16:54:28-04:00June 19th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Jay Powell has had his mind changed for him. Why? Not even a year ago he was downplaying things like federal funds. The rise in that one anachronistic rate was inconsistent with a healthy financial system poised for the good times that come with serious economic acceleration. Quite the opposite, actually. To dismiss the obvious contrary signal, in very place [...]

Eurodollar Futures, The Verdict (Eurodollar University)

By |2017-08-22T16:34:53-04:00August 22nd, 2017|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The American banking system had been primarily a domestic one throughout its early development. Despite, or because of, the rapid growth in the later 19th century, banking was orientated almost entirely inward to finance the needs of that growth. But as a growing national as well as industrial power, the US adopted several measures early in the 20th century to [...]

Go to Top