But don't wait too long? I think I made it farther than OP but eventually some OMG subscribe to our newsletter overlay jumped over top that I couldn't dismiss.
Looking at the source of the page, there's a paywall div blocking the way, that's not visible. For me, it's probably related to all the JS errors uBlock Origin is causing to be thrown.
During thee financial crisis the Fed allowed the ECB and other European central banks to buy a large amount of dollars, which were lent to European commercial banks who had short-term liabilities denominated in USD.
For reasons that I cannot grasp, the author thinks this is bad for the global economy.
Yeah, and you have to go through a lot of ranting about banks before getting to the actual story. Which isn't much of a story. I looked on the Fed B/S, the amounts don't seem very large in comparison with the magnitude of QE.
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[ 3.5 ms ] story [ 21.7 ms ] threadI have not disabled javascript.
For reasons that I cannot grasp, the author thinks this is bad for the global economy.