The Fed: What's 7.77 Trillion Among Friends?

[KrazyHorse]

Errr...they are. Just with different collateral and slightly different tenors of loans.

[The Mad Monk]

With a suitable delay I dont see why not.

Why do you think the Fed fought its release?

Also (and this may be related), what do you think is a suitable delay?

[KrazyHorse]

Why do you think the Fed fought its release?

Also (and this may be related), what do you think is a suitable delay?

1) I have no idea. The fed often obscures things for the sake of obscuring them.

2) don't know. A year seems reasonable

[KrazyHorse]

BTW, even the 13 billion is way overstated. That is merely the net interest margin. Repo rates are always below the yield on collateral, because the primary responsibility for risk on the underlier is the repoing agent, not the ****ing lender. This may be the most retarded bloomberg story ever. Also, the matt yglesias story on this claims that the loans were "below market". The vast majority of the loans were auctions, therefore by definition they were the market ****ing rate.

The loans to pay attention to are the ones which were offered at fixed rates/spreads, and the relevant comparison point is the market funding/repo rate at the time of the loan, not the net interest margin. The discount window is a classic example of potentially below-market loans (because it is available at a rate which is fixed instead of auctioned).

[Tupac Shakur]

I still can't believe Slate gave Matt Yglesias a job writing about economics. He knows even less about that than he does foreign policy.

[Kuciwalker]

I still can't believe Slate gave Matt Yglesias a job writing about economics. He knows even less about that than he does foreign policy.

He's a lot better than you are...

[Kuciwalker]

Over the past few years Yglesias has actually gotten really good at micro and macro, to the point where he's barely even a progressive anymore.

[Tupac Shakur]

He's a lot better than you are...

I don't write about economics for a major web publication or claim to have any economics expertise.

[KrazyHorse]

Kuci

Yet he still managed to write this story...

[KrazyHorse]

I don't write about economics for a major web publication.

Who the **** reads Slate? I only heard about it because it was linked on dealbreaker.

[Kuciwalker]

Yeah, he fumbles, and sometimes he willfully ignores what he knows to buff his liberal cred. (Krugman, by contrast, is downright Straussian.) But there's a good reason all the good conservative econbloggers read him.

xpost

[Tupac Shakur]

Who the **** reads Slate? I only heard about it because it was linked on dealbreaker.

Kuci, apparently. I've stopped reading Yglesias regularly following the move.

[Kuciwalker]

Wait, what? You were willing to read Thinkprogress but not Slate?

I read him before and after the move, but I don't read anyone else on either site.

(OK, confession, I do occasionally read the regular Thinkprogress bloggers but only because they're hilarious.)

[Tupac Shakur]

Wait, what? You were willing to read Thinkprogress but not Slate?

I followed him from The American Prospect to The Atlantic to ThinkProgress (a disappointing move toward the mindlessly partisan). The Moneybox format annoys me, however, and I don't think enough of his economic work to want to read a blog mostly devoted to that. Give me the urban development stuff that he's actually good at.

[KrazyHorse]

I can't remember who the one who wrote about overregulation of food trucks is. My guess is it was andrew sullivan. I have a soft spot in my heart for that ****-sucking liberal.