offshore money

Decaying Offshore Money Is A Lot More Than An Offshore Decay

By |2019-03-12T18:45:30-04:00March 12th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

During the first quarter of 2008, as Bear Stearns teetered on the edge of illiquidity, foreign holders of US$ financial assets contributed $9.3 trillion to US credit markets. According to the Fed’s Z1, the Financial Accounts of the United States, it tells us that’s the amount they held in possession from outside the American geographical [...]

Chart of The Week: TICsense

By |2019-02-15T17:32:51-05:00February 15th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

TIC update for December 2018. Given what happened in that particular month, yeah, this seems about right: Here’s the same thing smoothed out on a 6-month basis. Plus an added reminder. Just to refresh: That’s a shame because TIC will tell you so much more about the global economy and the changes taking place within [...]