According to the latest ECB figures, as of yesterday total “liquidity” added to the European banking system for that central bank’s ongoing monetary “stimulus” was just shy of €2 trillion. The outstanding balance in the core current account (reserves) held on behalf of the banking system was €1.296 trillion. In the deposit account, banks are…
The post It’s More Than Just The Absence of Acceleration, It’s The Synchronization Where There Should Be None was originally published at The Wall Street Examiner. Follow the money!