Classical Economics in a Quantum World
Duration of Debt and The Inflation Reference All inflations, everywhere, are preceded by a rise in the price of gold in that country’s currency. –Alan Reynolds This is an iron law. However, there must be a reference point from…
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There is a very good article from ZeroHedge on the coming Treasury debt issuance resulting from the Covid-19 government-imposed shutdown. Goldman Spots a Huge Problem for the Fed. ZH is obviously well connected to the inner workings at Treasury and the…
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Fed Balance Sheet Analysis Analyzing the Fed’s April 30 H.4.1 $6.6 trillion balance sheet requires more nuance than just observing its rapid, unprecedented increase since the start of the government imposed Covid-19 economic contraction. Change in Fed balance sheet from Jan 02,…
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