…such stuff, so the Fed controls that rate via its interest-on-reserves rate.) Which all brings me to a simplified version of the monetarists’ equation of exchange: (M)oney * V(elocity) =…

…all of the non-Saudi exchanges would make such a demand. Maybe they might not have this demanded on the Riyadh exchange, but it is not a large exchange, and even…

…others. I recall running into a McKinsey colleague in the Hong Kong airport in 1985. He was astonished to see that the foreign exchange booths would exchange Indian rupees. The…

…kind of market where there was no real customer relationship–everything was a deal. It was a deal maybe several times a day in a foreign-exchange market, or a deal in…

Via Truthout comes this report from PR Watch: In a new lawsuit against the Securities and Exchange Commission (SEC), big energy extractors are pushing for carte blanche in their interactions…

…This matters a lot for short run dynamics. To get higher investment, the USA must run a higher current account deficit. Krugman recently argued that this has implications for exchange…

…so of the category that the Report Tables label as “Cost”. These projected future benefits are in turn offset by projected income deriving from one main and two minor sources,…

…you’re planning to purchase label printing for the packaging, you might want to try these Brother compatible labels. You must use specially designed and manufactured labels. We are experiencing the…

…from an oil blogger who said we sold SPR oil to China and India. That information hasn’t been released yet.  Biden’s oil reserve sale attracts foreign bidders –The Biden administration’s efforts…

…mortgages. In case you forgot how TBTF (necessary reserves to back the tranched MBS and the more risky CDS/naked CDS) threatened the US with their minimalist mortgage loans . ….