IMF

IMF Working Paper: The Federal Reserve System Balance Sheet:
What Happened and Why it Matters

Morgan Stanley: 30 for 2013

30 for 2013

Buiter: What's left on central bank independence

Buiter

Barron's Hedge Fund Ranking

Ranking

BA_HF100_090511

Publish at Scribd or explore others: Finance Business & Law hedge fund 100

Heinsohn FAZ

Heinsohn: Die nächste Blase schwillt schon
http://tinyurl.com/heinsohn-faz

Hussman - Anything but Academic

Hussman - Anything but Academic

ZDF Nachtstudio - Heinsohn

Heinsohn ZDF Nachtstudio

Hussman - Equilibrium

http://www.hussmanfunds.com/wmc/wmc090518.htm

In order to understand the impact of these interventions, you have to think in terms of equilibrium - recognizing that all securities that are issued must also be held by someone - and then follow the money. Initially, suppose you have a banking system with $12 trillion in assets, financed with about $7 trillion in deposits and other liabilities to customers, about $4 trillion in debt to the bondholders of the banks, and about $1 trillion in shareholder equity as a buffer against insolvency.