10:58 AM
the big banks
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banking , bernanke , fed , industry , macro-economics
The notion of "bank" is expanding. There is an ever-growing macro-economic risk in having larger entities like we have today. An intertwining of the industrial economy and the supply chain with the financial system creates systemic risk.
Does this relatively new corporate structure contribute to the likelihood of industrial supply shocks?
Morgan Stanley, according to its investment documents, is engaged “in the production, storage, transportation, marketing and trading of several commodities, including metals (base a nd precious), agricultural products, crude oil, oil products, natural gas, electric power, emission credits, coal, freight, liquefied natural gas and related products and indices." Goldman Sachs, according to its own recent investment reports, is engaged in “the production, storage, transportation, marketing and trading of numerous commodities, including crude oil, oil products, natural gas, electric power, agricultural products, metals (base and precious), minerals (including uranium), emission credits, coal, freight, liquefied natural gas and related products and indices.”
The root story.
How is the Federal Reserve responding to the shift?
Does this relatively new corporate structure contribute to the likelihood of industrial supply shocks?
Morgan Stanley, according to its investment documents, is engaged “in the production, storage, transportation, marketing and trading of several commodities, including metals (base a nd precious), agricultural products, crude oil, oil products, natural gas, electric power, emission credits, coal, freight, liquefied natural gas and related products and indices." Goldman Sachs, according to its own recent investment reports, is engaged in “the production, storage, transportation, marketing and trading of numerous commodities, including crude oil, oil products, natural gas, electric power, agricultural products, metals (base and precious), minerals (including uranium), emission credits, coal, freight, liquefied natural gas and related products and indices.”
The root story.
How is the Federal Reserve responding to the shift?