Financial system infrastructure plumbing: how markets really work
Deep dives into the hidden infrastructure of global finance — repo markets, central bank operations, clearing systems, and the mechanics that keep money moving.
Central Bank of Russia Denies Return to USD Payments
How the 1916 Fed Act Made Treasuries Prime Collateral
In July I wrote a primer on the mechanics by which the Fed steers the prevailing interest rates in the economy.
if you think they crypto will replace banks, you don't understand what banks are and how they work
central banks have rejected holding Bitcoin in their reserves including Fed, ECB, PBoC and many others
How Banks Create Money When Purchasing Assets
my article on repo rates and BTC price was referenced on bitcoin.com
real estate is a great asset because banks lend ≈75% of its value
gold revaluation will NOT solve the US debt problem
repo rates increase and borrowing decreases in quarter-ends
when a bank buys an asset from a non-bank it creates broad money
here's what yield spreads are saying about Bitcoin
market makers and other dealers are also subject to regulatory balance sheet constraints
by "central bank" I'm frequently referring to the broader set of the legal framework behind the macro monetary policy
USD is the world's reserve currency, but what does that mean?
how banks work? bank's business model is very simple:
How Does the Federal Reserve Set Interest Rates?
regulations may sound boring - but they're crucial to understand money, liquidity and financial system as a whole
🇨🇳 china's central bank uses USD value as a key driver in economic policies #2
🇨🇳 china's central bank uses USD value as a key driver in economic policies #1
🚨FED just injected $11B of liquidity #2
🚨FED just injected $11B of liquidity #1
US Treasuries are by far the most popular collateral type in secured short-term funding markets (e.g. the repo market)
Over 10 years the Russian Central Bank has increased gold holdings by x4.5
90% of all newly issued debt is for refinancing of existing debt, not new debt/financing