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Home / Alhambra Investment Partners / Eurodollar University’s Making Sense; Episode 82, Part 1: Federal Reserve Is Not A Central Bank

Eurodollar University’s Making Sense; Episode 82, Part 1: Federal Reserve Is Not A Central Bank

Summary:
82.1 The Federal Reserve is NOT a Central Bank Pt. 1———Ep 82.1 Summary———What should a central bank be? What does one do? Is what the Fed does ‘central banking’? What did Ben Bernanke promise in 2002 that the Fed would never do again — learning the lesson of the 1930s — and how did he break his promise less than 5 years later? ———See It———– Twitter: https://twitter.com/JeffSnider_AIPTwitter: https://twitter.com/EmilKalinowskiAlhambra YouTube: https://bit.ly/2Xp3royEmil YouTube: https://bit.ly/310yisLArt: https://davidparkins.com/ ———Hear It———

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82.1 The Federal Reserve is NOT a Central Bank Pt. 1

———Ep 82.1 Summary———
What should a central bank be? What does one do? Is what the Fed does ‘central banking’? What did Ben Bernanke promise in 2002 that the Fed would never do again — learning the lesson of the 1930s — and how did he break his promise less than 5 years later?

———See It———–

Twitter: https://twitter.com/JeffSnider_AIP
Twitter: https://twitter.com/EmilKalinowski
Alhambra YouTube: https://bit.ly/2Xp3roy
Emil YouTube: https://bit.ly/310yisL
Art: https://davidparkins.com/

———Hear It———

Vurbl: https://bit.ly/3rq4dPn
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PodcastAddict: https://bit.ly/2V39Xjr

———Ep 82.1 Topics———

00:00 Introduction to three-part series on how modern central banks quietly changed their role.
02:24 Bernanke promised Friedman and Schwartz that the Fed would never mess up again.
03:29 What exactly did the Fed mess up in the 1930s? Not creating liquidity / money in 1929-33.
06:14 Great Depression era Fed liabilities (money) vs. commercial bank liabilities (money).
07:26 Great Depression era commercial bank assets (loans / securities).
08:18 How should central banks behaving according to Walter Bagehot?
09:33 Bernanke promised to act like a central bank DESPITE KNOWING THE FED WAS NOT ONE!!! :-o

———Ep 82.1 References———

When You Aren’t Actually A Central Bank, Part 1: The Real Inflation: https://bit.ly/350rgXe
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7

———Who———

Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski.

 


Jeffrey P. Snider
As Head of Global Investment Research for Alhambra Investment Partners, Jeff spearheads the investment research efforts while providing close contact to Alhambra’s client base. His company is a global investment adviser, hence potential Swiss clients should not hesitate to contact AIP

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