Posts from Thursday Jul 3 2014

Cash pools, Fed rev-repos, and the stagnationist future, part 1

Zoltan Pozsar, in a new study published by the US Treasury Department’s Office of Financial Research, has developed an intriguing new framework for understanding the interaction between global finance and macroeconomic trends.

It includes important sections about the potentially large implications of the Fed’s new reverse repo facility and the relationship between stagnationist trends and the financial markets. Read more

Markets Live: Thursday, 3rd July, 2014

Live markets commentary from FT.com 

Further reading

Elsewhere on Thursday,

- There is a special place in hell for management of European phone companies.

- Markets are nuts, says central banker.

- Sugaring the label. Read more