This explication of quantitative expropriation is excerpted from the semiweekly examination of Fed balance sheet manipulation and banking system elevation, part of the Pro Trader Macroliquidity services.
While US bank loan and deposit growth continues to go bonkers at annual growth rates of more than 8% for loans and around 6% for deposits, loan and deposit growth in Europe are near zero. That’s in spite of the fact that Mario Draghi and his merry band of madmen central bankers have thrown everything but the kitchen sink at their system to try to get it to grow.
Macroliquidity Pro Trader weekly subscribers (or Professional Edition), click here to download complete report in pdf format. Macroliquidity Investor Monthly subscribers, click here to download complete report.
But here’s the thing. NIRPitrage is killing them. At the same time, it is boosting the US markets. In this report I do a little show and tell on the details of what is going on and how it works.
Unfortunately, Mario Draghi is such a raving, foaming-at-the-mouth madman, that he is likely to do even more of what is causing NIRPitrage to simultaneously strangle Europe slowly to death and send cascades of capital into the US, the Last Ponzi Game Standing.
This post was published at Wall Street Examiner by Lee Adler ‘ March 2, 2016.
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