99.99% sure its not a missed sign or nothing at all
not too many are aware that,..
[quote]
Eurodollars are time deposits denominated in U.S. dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve. Consequently, such deposits are subject to much less regulation than similar deposits within the U.S. The term was originally coined for U.S. dollars in European banks, but it expanded over the years to its present definition.
it is assumed that the fed controls the money supply, BUT this only applies w/ in the USA,… so WHAT IF shadow banks outside of the USA w/ little or no regulation, initiated loans,… in other words created their own supply of “digital” Eurodollars?!
it would be akin to the left hand not knowing what the right hand of the same financial institution is doing,… if you think this isn’t possible then consider the story of various divisions of Deutsche Bank loaning money to POTUS
considering the bigger picture of an over all increase of the money supply due to unregulated Eurodollars over the years,… since money seeks its best return I don’t think it is too hard to imagine that off shore money eventually finds its way into the RE as well as stock market (which would bid up prices)
I’m just a basic science knucklehead that has never taken a formal economics or finance class,… but all my math background tells me at some point the figures on the balance sheet,… don’t balance
AND the only reason it seems there has not been a problem thus far is because the dollar is the international medium-of-exchange/store-of-value/unit-of-account
