“What they did is they introduced yet another acronym RMP reserve management purchases which is another form of QE quantitative easing”
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Said on Bankless
BTC Sessions · If You Don't Get Global Liquidity, You Don't Get The Everything Bubble | Michael Howell
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Introduced "Reserve Management Purchases" as a form of QE to inject liquidity and keep bank reserves flat
“What they did is they introduced yet another acronym RMP reserve management purchases which is another form of QE quantitative easing”
“The Reserve Bank of India has intervened heavily to support the rupee via dollar sales from its reserves, and the rupee which fell to near record lows earlier this month has bounced back by about 2 percent following the Reserve Bank's moves.”
“We see AI as an augmentation strategy… more efficient… we’re not looking to replace doctors or nurses… keep our people, our FTEs flat”
“Bedrock of what we did as a generalist was that every investment opportunity was evaluated in its cleanest forms, which was what's its equity beta, what's the liquidity and what's the cost of that and what's its leverage.”
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