Independent thinking for complex markets and current events
Most people know that bacon tastes good with everything, but few ever question where it gets its bright, rosy color. Unfortunately, like many delicious things, this hunger-inducing hue comes from the use of additives, which can have some seriously negative effects on your health. In 2015, the World Health Organization published findings that labeled bacon and other …
by Dismal-Jellyfish Source: https://libertystreeteconomics.newyorkfed.org/2023/11/the-nonbank-shadow-of-banks/ TLDRS: Fed paper: The evolution of banks and nonbanks is closely linked, particularly since the 1990s. In the 1990s, financial ‘innovation’ and regulatory changes boosted asset securitization. This shifted financial intermediation from a traditional bank-centric model (taking deposits, issuing loans, and holding them to maturity) to a new model where loans were …