Mase: Economics and Finance

Since the end of June 2011, excess reserves held by commercial banks have declined by about $107 billion. (Remember in August 2008 w...

I didn’t post a “Post QE2 Federal Reserve Watch” last month because I was on vacation.   You have to go back to September 12 to get Part ...

Let’s start with another interesting fact from the commercial banking industry: 92 percent of the banks in the country hold 10 percent of...

I usually do the “QE2 Watch” post in the first week of the new month, but in this coming month I will be a little tied up.   I am hav...

The Federal Reserve continues to pursue its Quantitative Easing 2 exercise.   Over the four-week period ending May 4, 2011, the Federal Res...

I usually don’t write up Fed actions within the month unless something seems to be going on. Last week, bank reserve balances at the Federal...

The monetary story of the “Great Recession” is that the two most watched measures of the money stock, M1 and M2, have continued to grow, yea...

The year-over-year rate of growth of the money stock measures has never declined during the Great Recession of 2008-2009. The recession bega...

It is Halloween…is that QE2 I see lurking in the shadows? Oh, my…I’m scared! Here we are in the third month since the Federal Reserve d...

All research seems to indicate that, over time and everywhere, inflation is a monetary phenomenon. If this is true then we need to take some...