High-Frequency Post-Virus Recovery - 2023-03-29
Date:
Thursday, March 30, 2023
Summary:
An important new feature on page 5: we track the Fed's weekly reports on bank assets and liabilities, to follow the flight of deposits from small banks to large, and the banks' rush to liquidity and replacement liabilities. The evidence as it stands: lots of stress visible, but the system is working.