excess reserves Archive

Short-Rate Thoughts: DEFLATION – Radical Thesis Turnaround

[Skip to the end] Well stated! *Not house view. Since March I have been arguing that the world was a better place than people thought. I am now shifting my core view, which still might take several months to develop in the marketplace. Skipping to the Conclusions 1. Deflation will be the ...Read More

Goldman- Excess Reserves Irrelevant and the FED does not need to execute Reverse Repos with Non-Primary Dealers

[Skip to the end] Hopefully, when Goldman talks, people listen: Clarification from author Franesco Cafagna: Views expressed in this piece are his own and are not necessarily reflect the view of Goldman Sachs 1. Do excess reserves really matter and does the FED really need to drain them? The short answer is: ...Read More