The hottest Reserves Substack posts right now

There is a debate within the Fed about when to slow or halt balance sheet shrinkage.
Fed officials want to balance holding fewer bonds with reducing reserves in the banking system.
Estimating the right amount of reserves needed is challenging due to issues of distribution.

NBA All-Star reserves selections by conference coaches to be revealed soon.
East frontcourt and backcourt reserves include players like Jayson Tatum and Jalen Brunson.
West reserves feature talents like Stephen Curry and Anthony Edwards.

The US's debt situation is a small part of the global debt puzzle, with rising interest rates creating challenges not only for the US but also for poorer countries dependent on dollar debt.
The debt deal exacerbates the unproductive nature of debt as it has been used to replace income for individuals and constrain companies from expansion and investment in productive capacity.
The financial system will face challenges including declining value of US treasuries impacting banking system resilience, inflation persisting, and US dollar losing hegemony due to rising debt and market liquidity issues.

Lifeboat strategy involves building reserves to support populations during food crises.
Action should be taken now to address food crisis, not waiting until 2030.
Global food shocks are a concern due to extreme weather events.

Silicon Valley Bank faced a major bank failure, leading to significant implications in the banking sector.
Depositors should be prioritized in bank resolutions to maintain stability and prevent mass panic.
Bank runs can have widespread consequences, requiring regulators to ensure depositor confidence and prevent systemic failures.

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SVB's failure had multiple causes, including heavy investment in risky assets and inadequate insurance for deposits.
Abandoning reserve requirements for banks may have contributed to the recent bank run crisis.
Increasing required reserve ratios above zero could help prevent similar crises by ensuring banks hold more funds to satisfy depositors.

New York Community Bancorp is facing a collapse after revealing talks with regulators.
Pressure from a top US watchdog led NYCB to slash dividends and stockpile cash for potential bad loans.
NYCB's shares plummeted, prompting speculation of a second banking crisis.