Monetary Mechanics

Monetary Mechanics

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Issue #48: Quantitative Tightening
Since the Federal Reserve is on the brink of beginning its quantitative tightening (QT) program, beginning June 1, I thought that I should dedicate an…
May 16, 2022 • 
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On a (Hopefully Temporary) Hiatus
Hi to all the readers of Monetary Mechanics,
Oct 25, 2022 • 
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Issue #55: The 1974 Failure of Bankhaus Herstatt and the Rise of Real-Time Gross Settlement (RTGS)
On a daily basis, trillions of dollars flow between financial market participants in securities, derivatives, and foreign exchange contracts.
Aug 1, 2022 • 
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Issue #54: Understanding Balance Sheet Capacity
Part 2: A Deeper Dive
Jul 18, 2022 • 
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Issue #53: The Origins and Evolution of the Modern Monetary System
Part 9: "Securitization" – Repo as a Driver of Securitization
Jun 25, 2022 • 
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Issue #52: The Origins and Evolution of the Modern Monetary System
Part 8: "Liability Management" – Repo as a Liability Management Tool
Jun 15, 2022 • 
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Issue #51: Understanding Balance Sheet Capacity
Part 1: A General Overview
Jun 7, 2022 • 
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Issue #50: Trade Idea – Short stETH
In this issue of Monetary Mechanics, I am going to do something a little different.
May 31, 2022 • 
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Monetary Mechanics
Monetary Mechanics
My original proprietary macro research covering the mechanics of the monetary system, financial plumbing, economic history, and its influence/impact on the global economy.

Monetary Mechanics

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