Waller from the FOMC has hinted when the QT process ends. The current debt ceiling stand-off is likely to prolong QT in this Waller framework, while the terminal value of USD reserves remains the same
to improve subscription rate, strongly consider offering either 1. free trial or 2. very low price for first 3 months, or , better still 3. option to cancel at any time. Helps overcome fear of committing $ to unknown products under the various subscription options. Do that and why WOULDN'T I give it a try?
For historical completeness, one should note this understanding of reserves in proportion to GDP was completely absent in the same US Fed, in the go-go Greenspan era. While Greenspan was chair, he completely neglected or was uneducated as to the need for reserves proportional to economic activity, thus priming the GFC.
we hear so much about how the fiscal spend is supposed to be macro economic stimulus. From you we learn it's the OPPOSITE! wow.
to improve subscription rate, strongly consider offering either 1. free trial or 2. very low price for first 3 months, or , better still 3. option to cancel at any time. Helps overcome fear of committing $ to unknown products under the various subscription options. Do that and why WOULDN'T I give it a try?
For historical completeness, one should note this understanding of reserves in proportion to GDP was completely absent in the same US Fed, in the go-go Greenspan era. While Greenspan was chair, he completely neglected or was uneducated as to the need for reserves proportional to economic activity, thus priming the GFC.
we hear so much about how the fiscal spend is supposed to be macro economic stimulus. From you we learn it's the OPPOSITE! wow.
Doesn’t the USD rise when the liquidity falls ?