We have spent many hours discussing the liquidity outlook in the US, but developments elsewhere are also interesting. JPY+CNY liquidity is on the RISE, which has turned the tide on GLOBAL liquidity
INteresting Topic: Do central banks compete to be more impactful?
Also, is the discrepancy between the "reserve currency" status central banks (Fed, ECB ) and BoJ and PBoC due to the desire to extract more seigniorage by the latter?
INteresting Topic: Do central banks compete to be more impactful?
Also, is the discrepancy between the "reserve currency" status central banks (Fed, ECB ) and BoJ and PBoC due to the desire to extract more seigniorage by the latter?