21 sats \ 1 reply \ @Undisciplined 27 Mar \ on: Federal Reserve posts billions in losses econ
We were talking about this in kr's ~chart post: #481868
No big deal. They just invented something called "negative capital", which is definitely not just a liability.
We'll see. I follow the thesis that balance sheet crisis of CBs can lead to loss of confidence and hyperinflation. There is an interesting work by Rechsteiner on this topic: https://jscholarship.library.jhu.edu/bitstream/handle/1774.2/40915/BT-Rechsteiner.pdf
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