USA: bank deposits and monetary aggregates
The decline in deposits in US banks has had the advantage of revealing that the variations in this mass of capital are identical to those…
Big US banking tsunami: deposits, equity and money market funds, update as of May 20
*** Undue money creation has developed in the US since at least 2011 and this money naturally and logically ends up in deposits on the…
The variation of GDP is inversely proportional to the variation of the free money supply (update, January)
When the money supply grows faster than real GDP, i.e. faster than wealth creation, GDP growth falls, and vice versa… *** Sound money is the…
US inflation is caused by the M2 money bubble (update, January 2023)
The M2 money bubble in the US is huge: more than $7 trillion of unearned money is still sitting unduly in the accounts of Americans……
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,…