The MacroCompass – Monetary Mechanics Course
Fiscal deficits, QE, QT, Treasury General Account, Reverse Repo: mastering monetary mechanics will be a crucial skill for macro investors over the next decade!
Alf’s Monetary Mechanics Course unpacks the entire monetary plumbing universe in easy to follow, step-by-step explanations so that you can get a real understanding of how money really works!
What You’ll Learn In Monetary Mechanics Course
Lesson 1: ”Liquidity”, The First Tier of Money
You must have heard the word ”liquidity” thousands of time: but what is it?
In these two lessons we analyse Central Bank balance sheets, define liquidity, who prints it, how does it work, and its impact on markets and the economy!
Lesson 2: ”Real-Economy Money”, The Second Tier of Money
Money printing generates inflation, right? Yes – but who prints inflationary, real-economy money?
Lesson 2 will walk you through the process of real-economy money printing: who prints it, how, and what are the macro consequences and market impact of different forms of inflationary money printing.
Lesson 3: “Monetary Plumbing”
You know all these monetary plumbing operations you often hear about without never fully understanding their mechanics? Reverse Repo, Treasury General Account, Bank Term Funding Program?
This ends today with lesson 3, where we proceed with a deep dive into all monetary plumbing operations so that you never have to scratch your head again when you hear them.
Course Recap
A quick recap where Alf summarizes the most important concepts you learnt in the TMC Monetary Mechanics Course.
Sale Page: The MacroCompass – Monetary Mechanics Course