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Deutsche Bank fined $186 million dollars by the Federal Reserve for unsafe and unsound practices and sanction and money laundering violations.
Get banking industry news as it breaks: https://econ-intel.com/banking-industry-news/
Should the Federal Reserve reinstate the Reserve Requirement?
https://econ-intel.com/reserve-requirement-abolished/
#economics #economy #FederalReserve
Modern Monetary Theory (MMT) is a very seductive idea, because it essentially theorizes that since government debt never needs to be paid back, the amount does not matter. I.e. Government debt equals wealth and wealth can be created via more debt. If this was true all countries have a clear path to extreme prosperity merely by creating debt. In reality countries with high debt levels see slowing economies and rising levels of inflation.
Let's build deeper relations on #mastodon than we had on those "other" sites 😉
If you have a blog, newsletter, website, etc. and need more content, or are looking for a way to monetize, or maybe you just need more backlinks. We can probably team up and make sure that our voices get heard, not just the big media.
DM or check out: https://econ-intel.com/grow-together/
Has your financial media told you that the Fed is losing money? That seems like a big deal to us, but it’s pretty quiet out there. July 5th marked the 42nd consecutive week that the Federal Reserve has lost money since their accrued earnings account had plunged negative. This is highly unusual and has significant economic implications.
Full story as it develops: https://econ-intel.com/federal-reserves-losses-dashboard-and-data/
How has most of the media missed this?
#media #news #economics #finance #followfriday @economics
Charts showing the Federal Reserve's accrued losses, by week, total, and average weekly loss in million from Sept 21, 2022 through Feb 15, 2023.The most recent week ending February 15th 2023 was the 2nd largest loss in this period $2.901 billion. The only loss that was larger was in the prior week. The average weekly loss for the period rose to $1.381 (billion) per week. Cumulative loss is now $33.135 (billion).
#Recession or worse?
For the last ~30 years, the markets have been exceptional. A Fed research paper indicates that this is ending and we will enter a long-term slowdown.
Keep up on all the latest banking news and research:
https://econ-intel.com/banking-industry-news/
(bookmark) to see news and research as it comes out.
Here is the research paper:
https://www.federalreserve.gov/econres/feds/files/2023041pap.pdf
