Fed likely to tweak capital measure because of pandemic, Quarles says americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
UNBELIEVABLE: The Alarming Truth About Money
Today we stagger into the Minotaur’s maze of money…
It may be familiar space to you. But a man must occasionally remind himself of his surroundings… fix his bearings… take stock of his position.
And so we proceed…
You sink your hand into your wallet. It resurfaces grasping a $20 bill.
This bill is an asset to you, its holder. It represents a claim upon goods and services.
But this asset of yours is but one side of a glass mirror.
Seen from your side it is a $20 asset. Seen from the opposite side it is a $20 debt.
Jerome Powell - DiarioBitcoin diariobitcoin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from diariobitcoin.com Daily Mail and Mail on Sunday newspapers.
by Tyler Durden
Unlike the Fed-mandated party line of transitory inflation , which was eagerly espoused by the likes of Morgan Stanley and JPMorgan (discussed earlier), Bank of America has breached with Wall Street convention and discussing yesterday s scorching CPI, the bank s chief economist says that very aggressive monetary and fiscal policy has added rocket fuel to the economic reopening and cautions that in his view this is not purely temporary adding that repeated “one time” price increases and super dovish policy promises are already raising inflation expectations.
Picking up on what we said earlier this week in Hyperinflation Fears Are Soaring Across America where among other things we showed the surge in google search for inflation (wait until this become stagflation before things get really fun).