Danielle Di Martino: Illiquid Plumber
September 24, 2015
My friend Danielle Di Martino has started writing for the Liscio Report. She was Richard Fisher’s secret weapon at the Dallas Fed. This piece is as good an explanation as you'll find of the mechanics of what happens when the Fed raises rates and why Fed reserves are likely to fall quickly. Also speculates on a later liftoff than most, for reasons she goes into and understands well. This is worth your time.