Top all-time · #7764
fedguy.com
Personal blog · fedguy.comeconomicsbusiness
fedguy.com is a personal blog at fedguy.com about economics and business. Since 2021, 10 different Hacker News readers have linked it 16 times. No feed was found, so read it on the site itself.
Too few sampled comments (7) to say how often HN recommends it.?
Why HN links it
HN commenters link this blog by Joseph Wang (The Fed Guy) for explanations of Federal Reserve balance sheet, interest on reserves, and central banking. One commenter calls it full of good insights.
Summarised by Claude from a sample of 7 HN comments that link here. Each comment is marked recommending, critical or neutral (citing without judging); how this works.
Most-linked posts?
- /2 people · 2 mentions · first linked 2022-08-05
What Hacker News says?
> Similarly, when I deposit $10,000 into a bank (be it a savings account, or money market account), the Bank writes down an IOU saying it owes me $10,000. The bank then sends the money to the market (and worst-case, to the Fed Overnight loans), and lends the money out. Incorrect! My understanding is it would be illegal for them to give away your deposits. That includes the Reverse-Repo market (RRP), which is the sou…
Comment linking /the-on-rrp-will-never-be-a-floor/
on “Crypto exchange AAX suspends withdrawals”Submitted The Great Steepening as a story · 118 points
HN discussion> So I guess USD needs to be recognized by the US somehow? You could start here: https://www.federalreserve.gov/releases/h41/20220224/ H.4.1 is a really useful and important data set. For example, you can see that US Fed is holding T2.7$ worth of mortgage backed securities i.e., it's funding them. > Could the US simply "void" all USD that are owned by Russia? Beyond a certain threshold those USDs are typically store…
Comment linking /
on “A quick breakdown of what SWIFT is and why it matters”Submitted Inflationary Hikes as a story · 78 points
HN discussionSo I've actually mentioned nothing about cryptocurrency, not sure how you got a marketing pitch from that, I'm pointing out the flaws of central banking and fiat currency. The inflation you're seeing is largely and principally caused by the reactionary measures of central banking. https://fedguy.com/2-trillion-pandemic-savings/ "During the pandemic many special programs were rolled out to support household incomes:…
Comment linking /2-trillion-pandemic-savings/
on “Facebook’s Libra is still dead – Diem to be sold off for spare parts”Submitted The QT Timebomb as a story · 70 points
HN discussionThe fed pays interest on reserves and reverse repo. But it can just create deferred assets to pay for them… https://fedguy.com/fed-balance-sheet-faqs/
Comment linking /fed-balance-sheet-faqs/
on “Federal Reserve to increase interest rates by 75 basis points for the third time”Submitted Deposits moved to money market funds often make their way right back into banks as a story · 3 points
HN discussionIf you've read BoE paper then I guess you are already at the 90th percentile. Here are some interesting rabbit holes I've found to be useful. 1. Central Banking 101 [1]. A terrific no non-sense book. The author is an ex-central banker. 2. Same author's blog[2] and twitter[3] handle is full of good insights and details. 3. Lyn Alden[4] writes well but know that she is biased towards Bitcoin which sort of clouds her w…
Comment linking /
on “For the First Time, the Fed Is Losing Money”Submitted Ameridollars as a story · 2 points
HN discussionCentral Banking 101 by Joseph Wang (aka The Fed Guy: https://fedguy.com/ )
Comment linking /
on “Ask HN: “government is printing money” - what does it mean in practice?”Submitted Fed Guy: SVB was particularly poorly run as a story · 2 points
HN discussionIf Europe is like the Fed then... >Deposits into MMF flow right back to the banking sector https://fedguy.com/primer-a-deposits-life/#more-6181
Comment linking /primer-a-deposits-life/
on “Europeans drain billions from banks, fed up with shrinking savings”Submitted Waller open to maintaining QT while lowering rates as a story · 2 points
HN discussionUnlikely. Here's a Hacker News lookalike [1] for Machine Learning. You'll see that the latest post was 11 days ago, and the one before that 29 days ago and the one before 54. Most topics have one or zero comments. And ML is a much more popular topic than finance. The great thing about HN is that it does not restrict the topics. People can bring up anything they find interesting. As soon as you want to limit the disc…
Comment linking /
on “Ask HN: HN for Finance?”Submitted A Deposit’s Life and Flows into MMF Don’t Necessarily Reduce Deposits as a story · 1 points
HN discussion
