An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Monday, August 21, 2017
Kevin Erdmann — Leverage is not a sign of risk seeking, a continuing series
"Recently, profits have not been great, and leverage has increased as profits have declined. "
ReplyDeleteThis is due to the Fed forcing $T of non-risk zero yielding assets onto bank balance sheets...