Overnight Reverse Repo Program to May 18
It’s the big return of the Overnight Reverse Repo Program (ONRRP)! Today, May 18, 91 U.S. banks placed… $1.973 trillion with the Fed overnight so…
The Fed and the interbank market: deciphering accounting manipulations
Abstract Large US banks and hedge funds have suffered heavy losses, especially on derivatives. They lack liquidity. Only the Fed is providing them with liquidity,…
Turkey: growth economy
The French journalist Pierre Jovanovic published reports praising Turkish banks and the growth of this country inhabited by a large majority of Muslims. Indeed, Turkey’s…
Turkey: monetary aggregates and growth
The French journalist Pierre Jovanovic was amazed by the dynamism of Turkey and he drew praise for the Turks. I present in this article the…
Turkish Banks 2020
All Western media always publish negative information about Turkey. Is this justified or is it propaganda against a country that has been brilliantly successful in…
The Fed changed the definition of the M1 monetary aggregate and no longer publishes weekly M1 and M2 data
This is a major issue that nobody is commenting on! It is however the first time since World War II that the Fed decided to…
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