There’s a herd of elephants in the room

21 September 2023

Among the many problems currencies and markets face, there is one which is undocumented: the eurodollar market, which is yet another very large elephant in the room. This article quantifies eurodollars and eurodollar bonds, which are additional to US money supply and credit. Research by the Bank of International Settlements puts this market at $93 […]

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