According to the Federal Reserve Board website, U.S. non-borrowed bank reserves have gone from $37B to $199M (nope, that’s not a typo) in the last month. We have been discussing this with Sitka Pacific Capital’s Mike ‚Mish‘ Shedlock for the last two weeks. He concludes: „Banks in aggregate have now burnt through all of their capital […]
Quelle: Two Billionaires Describe Our Outlook
Hmmm … ?!