Reading FOMC minutes is quite challenging. Not familiar with LIBOR and Repo markets except that I usually stumble with the terms reading articles on finance. Thanks for this info.
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Reading FOMC minutes is quite challenging. Not familiar with LIBOR and Repo markets except that I usually stumble with the terms reading articles on finance. Thanks for this info.
You arent kidding. The most recent paper I read was a study in 2008 by the Atlanta Fed on how checks became the main form of transactional money in the 1910s.
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Mine, I forgot the exact year. I think I read at least two to have a peek into the mind of the Fed coz stock traders are confident in their strategies, but not when it comes to the impact of the decision of the Fed.
Ignore the Fed. They often get the reverse results of what they are trying to get.
It is a game of expectations. That is what they play. They do not control the money supply nor do they truly control interest rates, especially the long end of the curve.
Hence what do they really do? Fool people.
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Finance people who get signals from the Fed are mostly those of the traditional type. I forgot the exact year when I stopped following it.
Concerning eurodollar, I enjoy my initial reading on the subject. It is something really new and surprising to me. I wonder why I never encounter this system in reading literature on economics. I think this is one major reason why most people are kept in the dark when it comes to the monetary system. Thank you for introducing the subject to me!