tag:blogger.com,1999:blog-6638187113544241481.post1602836528951281462..comments2024-02-27T01:53:25.186-05:00Comments on Synthenomics: Money Market Funds and Monetary PolicyYichuan Wanghttp://www.blogger.com/profile/15398092824604478764noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6638187113544241481.post-34660572310017888752017-07-31T22:25:56.145-04:002017-07-31T22:25:56.145-04:00YoBit lets you to claim FREE COINS from over 100 d...<b><a href="http://btcx.syntaxlinks.com/r/YoBit" rel="nofollow">YoBit</a></b> lets you to claim <b>FREE COINS</b> from over <b><i>100</i></b> distinct crypto-currencies, you complete a captcha once and claim as many as coins you want from the available offers.<br /><br />After you make about 20-30 claims, you complete the captcha and proceed to claiming.<br /><br /><b>You can press CLAIM as many times as 50 times per one captcha.</b><br /><br />The coins will <b>stored</b> in your account, and you can convert them to Bitcoins or any other currency you want.Bloggerhttps://www.blogger.com/profile/07287821785570247118noreply@blogger.comtag:blogger.com,1999:blog-6638187113544241481.post-83662178110720103242012-09-17T05:30:37.907-04:002012-09-17T05:30:37.907-04:00Fed’s monetary policy will certainly accelerate th...Fed’s monetary policy will certainly accelerate the destruction of the U.S. dollar with QE3.<br /><br />Read <a href="http://kathrynsias.com/ed-butowsky-wealth-management/" rel="nofollow">Ed Butowsky</a> post in Fox Business News, <a href="http://www.foxbusiness.com/investing/2012/09/10/obama-chose-monetary-policy-and-youre-feeling-it/" rel="nofollow">"Obama Chose Monetary Policy - And You're Feeling It"</a>Anonymoushttps://www.blogger.com/profile/02593247850024366654noreply@blogger.comtag:blogger.com,1999:blog-6638187113544241481.post-73717326949387909412012-08-12T23:13:26.932-04:002012-08-12T23:13:26.932-04:00This was a good analysis of the issues, but you gl...This was a good analysis of the issues, but you gloss over:<br /><i>And along with the unlimited deposit insurance on non-interest bearing accounts, it is (from a certain point of view) a kind of ongoing bailout for money market fund investors.</i><br /><br />As I understand, while the bubble was forming 2000-2008, there was no IOER; it was at that time when more reserves would have been good.<br /><br />Right now, the banks don't see obvious risk-free ways to lend.<br />But what the economy needs is more lending to businesses.<br /><br />What are the lending rates in terms of loan applications received, funded and rejected? This is actually where tight or loose money is either tight or loose -- few loans funded is tight.<br />That's the key issue.<br /><br />Ending IOER will more likely increase loan funding, even if the (currently subsidized) banks lose risk-free arbitrage.Tom Greyhttps://www.blogger.com/profile/15046612425809449502noreply@blogger.comtag:blogger.com,1999:blog-6638187113544241481.post-41845706995157591042012-08-03T15:05:23.124-04:002012-08-03T15:05:23.124-04:00Flow5,
I was really just outlining the story from...Flow5,<br /><br />I was really just outlining the story from the FTAlphaville article. But there is some evidence for it. The Bank of New York sent shockwaves through the financial system when it started charging negative deposit rates for large investments (http://blogs.wsj.com/economics/2011/08/04/bny-mellon-deposit-fee-life-in-the-liquidity-trap/). While still only an isolated instance, it does go to show that banking is expensive. Looking over people's money and keeping it safe is hard, and is even more so when low interest rates increase cash withdrawals, forcing banks to keep ever larger currency hoards safe. Right now, IOER is offering banks at least a minimum level of interest, which means they can still afford to maintain positive deposit rates and not cause people to start withdrawing cash instead.<br /><br />I do admit I don't know quite enough about economic history to understand the evolution of MMF's and how it relates to the above scenario, so do you have any literature that you suggest I read?Yichuan Wanghttps://www.blogger.com/profile/15398092824604478764noreply@blogger.comtag:blogger.com,1999:blog-6638187113544241481.post-58705262837131203642012-08-02T12:58:58.310-04:002012-08-02T12:58:58.310-04:00"This would lead to zero rates on deposits, w..."This would lead to zero rates on deposits, withdrawal of cash from banks, and massive money hoarding"<br /><br />Where's the evidence for your hypothesis? Your dead wrong. <br /><br />Maybe you should examine the evolution & role of MMMFs from the get-go. You ignored the transition.Salmo Truttahttps://www.blogger.com/profile/13910212017849902362noreply@blogger.com