16/10/18

More Free Money For Banks: St Louis Fed Discloses 'A Carry Trade In Liquidity'



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More Free Money For Banks: St Louis Fed Discloses 'A Carry Trade In Liquidity'
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Authored by Mike Shedlock via MishTalk,

Not only do banks earn free money on excess reserves, they can borrow money and make guaranteed free money on that.

The Federal Reserve Bank of St. Louis discusses the Carry Trade in Liquidity.

The IOER [interest on excess ....

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