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Will Coronavirus collapse small banks?
14 Jul 2020 - Steven BlitzEquity market participants are putting banks in the performance penalty box, likely figuring on stressed balance sheets becoming problematic later this year. The equity market has it right, in our view. Comparing the.
#Federal Reserve #Inflation #Equities #Balance Sheet
Macro policy vs Covid-19 - Has policy done enough?
26 May 2020 - Dario PerkinsThe recovery in investor sentiment since March has been impressive (even puzzling...). Back then, as the global economy entered lockdown, a “flight-to-safety” rapidly became disorderly, leading to an outright.
#Central Banks #Balance Sheet #Fiscal Policy #Covid19
Fed policy pivots to the 10 year
22 May 2020 - Steven BlitzOnce the Fed started buying mass sums to support markets, we began writing that policy was locked into using the balance sheet to manage rates and the yield curve. Reading the April FOMC minutes, we see that this has.
#Federal Reserve #Balance Sheet #FOMC #Yield curve
Fed's new role - Treasury's bank
31 Mar 2020 - Steven BlitzThe Fed ramped up its balance sheet by over $500bn in the past week to $5.3trn (it was $4.2trn a month ago), to support its first line efforts to keep markets liquid and reduce the dollar’s scarcity value through swap.
#Federal Reserve #Balance Sheet
