A few years ago, many said central bank independence was too niche, too old (and too risky) to study.
I’m delighted to see my CBIE index featured in today’s FT Alphaville. Big thanks to Toby Nagle for the coverage.
#CBI #FTAlphaville #MonetaryPolicy
@tcdeconomics.bsky.social
Article 👇
Despite a lowly 1.6% yield on 10y #JGB, short-term rate differentials create a large “hedging pick-up”, chart #FTAlphaville www.ft.com/content/3967...
That negative haircuts are not quite as rare as thought implies that 1) investment banking divisions remain heavily enmeshed with their commercial banking divisions despite efforts to ringfence operations a little since 2008, and 2) that leverage is probably a bit too freely available in repo markets, and even small shifts in haircut standards could now have dangerous consequences.
Here is #FTAlphaville doing its thing; looking at obscure corners of finance and explaining why we should be concerned.
Ring fencing not working? Too much leverage over there?
on.ft.com/41jhBIB The negative-haircut repo market phenomenon
Financial Times piece on $1.4 billion in bad accounting on #Tesla’s books is… whoah.
Due to the reality of British libel laws and #ElonMusk’s propensity to sue his detractors i have to assume this is one of the most heavily legally vetted and fact checked […]
[Original post on universeodon.com]
Let me see if I get how OFWAT works:
Set prices to allow enough profit to attract investment.
Fine the companies for poo in the water.
Fines reduce profits.
Fixing the poo problem needs investment.
So set prices to increase profits to attract investment.
#EconSky #FTalphaville
on.ft.com/4dIRNtE
