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What was it about 1995 and the US Federal Reserve?

…to back assets that largely corresponded with “broad money” (M3) with cash reserves. The consequence was that banks could effectively create money without limitation. From early 1994 to late 1996,…

We have part of an answer

…of all hedge-fund accounts wouldn’t materially affect the company’s access to reserves, said the person, who asked not to be identified because the information is confidential. I’m not certain I…

Daniel Davies’s Three Laws Summarized

…had an upside falls victim to Daniel Davies’s Three Laws: In response to disruptions caused by Hurricane Gustav, the DOE has indicated a willingness to release reserves from the SPR….

More drilling analysis – Menzie Chinn

…of resources in those areas will begin in 2012. Assumptions about exploration, development, and production of economical fields (drilling schedules, costs, platform selection, reserves-to-production ratios, etc.) in the OCS access…

What’s dumb about a windfall profits tax?

…oil (which isn’t so key if there really isn’t so much left to be found). I’d propose making a forecast for Oil holdings (inventories including proven reserves underground, crude in…

BW on Soc Sec X: the Danger of Low Cost

…same result: fully funded Social Security with flat Trust Fund ratio (reserves expressed as a function of time). While at first glance this seems like an ideal outcome a look…

Bear Stearns reassured us again

…a cash crunch, saying it has hefty cash reserves that have remained little changed this year. Schwartz, in a televised interview on CNBC, also said he is comfortable with the…

OldVet rocks with another graphic on finance

…are holding huge dollar reserves, and the last thing they want to do is sell those dollars in sufficient quantity to drive the dollar’s price even lower. Nor do they…