3.4 Validating the proxies We now want to check that the time series selected above, essentially based on spot data on 10 year government bonds, indices and commodities, yield results that are very similar to the ones we obtained with futures. This will validate our proxies and allow us to ...
goldman buys the mortgage company, builds the bonds, sells the bonds, trades them on their prop desk, makes the synthetic cds that trade along with the bonds. now don’t you think he market would function better if “one” company didn’t do all those roles. Like Haldane and turner you...
“All the increases in money base are going into excess reserves. Even if your theory works in theory, how can it work in practice, if all the money creation is getting out into the broader economy, but instead is just a swap of bonds for cash which is parked at the Fed? Compare Mon...
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