Tag Archives: Shadow Banking

The Shadow Banking System And Why The Fed CAN’T Raise Interest Rates!

shadow banking,leverage,interest rates

Janet Yellen discussed Fed policy and interest rates yesterday and, with the removal of the word ‘Patient’ from the current Open Market Committee statement, financial markets roared! Of course when it comes to Fed-speak the removal of one word, in this case ‘patient’, reminds one of another quite famous parsing of words when the phrase […]