Macro Sunday: Is negative central bank Equity a problem?
The Fed, the ECB and almost all other big central banks are operating with huge losses, but is it a big issue? Our guest of the week says theoretically no, but practially yes!
At Steno Research, we host some of the most interesting guests in our weekly show “Macro Sunday” available on all podcast apps and YouTube.
This week, we were joined by one of the best central bank watchers in the world, Dario Perkins of TS Lombard to discuss whether negative equity in central banks practically matter. The Fed, the ECB and almost all other big central banks are operating with huge losses, but is it a big issue?
Dario says theoretically no, but practically yes, while also introducing his "Perkins rule" for recession watching.
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Excellent research