The Federal Reserve's report on the shadow banking system should be required reading for any student of the markets. The detailed flow charts illustrate the complexity of this system.
The paper is free at: http://www.newyorkfed.org/research/staff_reports/sr458.pdf
Shadow Banking - Staff Report no. 458 July 2010 by:
Zoltan Pozsar
Tobias Adrian
Adam Ashcraft
Hayley Boesky
2 comments:
Yield curve flattening from Bloomberg
Kumbu,
Some people say that the flattening curve signals a stronger stock market. Certainly, lower yields will force some investors to look elsewhere for current return.
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