Financial crises, à la 2008, are an invitation for regulation that carries far-reaching and unintended consequences. Banks across the developed world are being forced to hold more cash and cash-like assets. Defining what banks must hold sets up a Machiavellian jostling for advantage. In this case, US Treasuries won. That’s good …right?
The post In The New Monetary Ballgame, the Game Is Rigged for US Treasuries (Part 2) appeared first on The Spellman Report.
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