Author Archives: John Rutledge

Discount Rate Increase Not Big News

Fed discount rate yesterday not a big policy event and good to do. It is part of their sweeping up exercise, trying to encourage banks to repay some of the $1 trillion (1100%) increase in bank reserves they added to … Continue reading

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China Is Not Going To Sell Their U.S. Securities

Whether China will continue to own/buy our bonds or not is a story that shows up in the media every few months. It makes good copy but most of the people who write about it have little direct knowledge of … Continue reading

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