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Reader Question: Does the Fed BalanceSheet Properly Reflect QE Announcements? The feds balancesheet doesnt reflect it. The balancesheet was up $720 billion from Aug 1, 2012 to Aug 1, 2013 ($309B in treasuries and $393B in MBS) but that is only $60B per month. Feds BalanceSheet. QE History.
Stung by a series of risky foreign adventures that came back to bite them, most large global banks in Europe and the United States have retreated from foreign operations. China has risen from 16th place in 2005 to 8th in 2015. Brazil has moved up seven places since 2005. But developing economies are rising up the rankings.
In what should be no surprise to Mish readers, the HSBC China Manufacturing PMI™ shows Operating conditions deteriorate at quickest pace since last September, and new export orders plunge. Operating conditions have now worsened for two successive months. December 2005 (38). November 2005 (18). October 2005 (19).
This has been labelled the “second phase of global liquidity”, to differentiate it from the pre-crisis phase, which was largely centred on banks expanding their cross-border operations. This share was higher than during the pre-crisis period from 2005 to mid-2007. Moreover, even the prospects for restoring trend growth are not bright.
The Corporate Fund is Chicago’s general operating fund. Chicago’s property tax revenues do not go into its general operating fund. The Chicago Skyway reserve funds were established in 2005 in the amount of $975 million. This fund is used to pay for essential government services and activities (e.g.
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