Why Non-Borrowed Reserves Don’t Matter

Caroline Baum does everybody a favor today and explains why you shouldn’t be remotely worried about a deservedly-obscure indicator known as non-borrowed reserves. She talks about the "hysterical emails" she’s been getting on the subject but is too polite to name any names. But I know where I first saw this meme arise: it was M…
Original Source

  8 February, 2008| Economy | @ 21:37

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