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The people that stop recessions

Why Central Banks Have So Much Power Over Your Portfolio

Central Banks

Like the drummer in a band, central banks sit at the heart of modern economies. Read any financial news article and you’re likely to come across references to these arcane institutions: the Federal Reserve in the US, the Bank of England, or the European Central Bank (ECB). They play a key part in maintaining economic health – it’s their job to maintain the rhythm.

__What do they actually do?__ For one, they’re in charge of printing money – though nowadays this is an electronic process. They oversee commercial banks (like HSBC or Chase – the ones you or I are used to dealing with on a daily basis), lending money to them and setting rules that prevent them from doing anything too risky. If a person or a company takes out a loan from a commercial bank, shiny new electronic money is deposited

Pack

chapterId

encryptedEmail

ContentPieceChapterQuery

viewer

query ContentPieceChapterQuery(
  $chapterId: String!
  $encryptedEmail: String
) {
  viewer {
    authorization {
      roles {
        isAnonymous
      }
      ...SingleContentPieceChapter_authorization
    }
    content(encryptedEmail: $encryptedEmail) {
      ...SingleContentPieceChapter_content
      contentPieceChapter(chapterId: $chapterId) {
        __typename
        ...SingleContentPieceChapter_contentPieceChapter
        id
      }
    }
    id
  }
}

fragment AudioOnlyBanner_contentPiece on ContentPieceInterface {
  __isContentPieceInterface: __typename
  headerImage {
    ...ServerImage_image
  }
  title
}

fragment Avatar_image on URLImage {
  original
}

fragment Block_block on ContentPieceBlock {
  __isContentPieceBlock: __typename
  __typename
  ... on TextBlock {
    id
    ...TextBlock_block
  }
  ... on ImageBlock {
    id
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  }
  ... on QuoteBlock {
    id
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}

fragment ChapterSelector_contentPieceChapter on ContentPieceChapterInterface {
  __isContentPieceChapterInterface: __typename
  contentPiece {
    __typename
    title
    chapters {
      __typename
      title
      subtitle
      id
      slug
    }
    id
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}

fragment ContentHeader_contentPiece on ContentPieceInterface {
  __isContentPieceInterface: __typename
  ...DefaultContentHeader_contentPiece
  ...EvergreenContentHeader_contentPiece
  contentPieceType {
    isEvergreen
  }
}

fragment ContentMetadata_contentPiece on ContentPieceInterface {
  __isContentPieceInterface: __typename
  byline
  consumptionTime
  dateUpdatedDisplay
  contentPieceType {
    name
  }
}

fragment ContentPieceChapterSEO_contentPieceChapter on ContentPieceChapterInterface {
  __isContentPieceChapterInterface: __typename
  title
  contentPiece {
    __typename
    byline
    imageForSeo: headerImage {
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    id
    title
    seoTitle
    searchDescription
  }
  subtitle
  firstPublishedAt
  id
  ... on PublicContentPieceChapter {
    globalContentPieceChapterId
  }
}

fragment ContentPieceExploreMore_content_4goxN4 on Content {
  moreContentPiecesOfSameType: contentPieces(first: 5) {
    edges {
      node {
        title
        id
        slug
        subtitle
        canonicalLink
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}

fragment ContentPieceSponsor_contentPiece on ContentPieceInterface {
  __isContentPieceInterface: __typename
  sponsoringCompany {
    id
    name
    link
    logo {
      ...ServerImage_image
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}

fragment DefaultContentHeader_contentPiece on ContentPieceInterface {
  __isContentPieceInterface: __typename
  ...ContentMetadata_contentPiece
  ...ListenButton_contentPiece
  ...AudioOnlyBanner_contentPiece
  ...KeyInsights_contentPiece
  id
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  title
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  headerImage {
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}

fragment EvergreenContentHeader_contentPiece on ContentPieceInterface {
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  ...ListenButton_contentPiece
  ...ContentPieceSponsor_contentPiece
  canonicalLink
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    ...ServerImage_image
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}

fragment ImageBlock_block on ImageBlock {
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  alt
  caption
}

fragment KeyInsightsBlock_contentPiece on ContentPieceInterface {
  __isContentPieceInterface: __typename
  keyInsightsBlocks {
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}

fragment KeyInsightsCarousel_contentPiece on ContentPieceInterface {
  __isContentPieceInterface: __typename
  keyInsightsBlocks {
    id
    textMarkdown
  }
}

fragment KeyInsights_contentPiece on ContentPieceInterface {
  __isContentPieceInterface: __typename
  ...KeyInsightsCarousel_contentPiece
  ...KeyInsightsBlock_contentPiece
  keyInsightsBlocks {
    id
    textMarkdown
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}

fragment ListenButton_contentPiece on ContentPieceInterface {
  __isContentPieceInterface: __typename
  id
  title
  trackingTitle
  subtitle
  readingTime
  isPremium
  hasBlocks
  hasChapters
  hasAudio
  contentPieceType {
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  ...AudioOnlyBanner_contentPiece
}

fragment MainContentChapterSection_contentPieceChapter on ContentPieceChapterInterface {
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  title
  trackingTitle
  isFirstChapter
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  readingTime
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  siblingChapters {
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  contentPiece {
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  ...ChapterSelector_contentPieceChapter
  ...NextPreviousChapter_contentPieceChapter
  ...ContentPieceChapterSEO_contentPieceChapter
}

fragment MoreContentSection_content on Content {
  ...ContentPieceExploreMore_content_4goxN4
  mostRecentBrief: contentPieces(first: 1, contentType: "DAILY_BRIEF") {
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}

fragment NextPreviousChapter_contentPieceChapter on ContentPieceChapterInterface {
  __isContentPieceChapterInterface: __typename
  globalContentPieceChapterId
  siblingChapters {
    title
    subtitle
    globalContentPieceChapterId
    slug
    id
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}

fragment QuoteBlock_block on QuoteBlock {
  quote
  caption
}

fragment ServerImage_image on URLImage {
  full
}

fragment SingleContentLarge_contentPiece on ContentPieceInterface {
  __isContentPieceInterface: __typename
  title
  byline
  consumptionTime
  headerImage {
    ...ServerImage_image
  }
  hasChapters
  chapters {
    __typename
    id
    slug
  }
  id
  slug
  canonicalLink
}

fragment SingleContentPieceChapter_authorization on Authorization {
  roles {
    hasPremiumSubscription
    isPreviewing
    isAnonymous
    isPreviewingContentAllowance
  }
}

fragment SingleContentPieceChapter_content on Content {
  ...MoreContentSection_content
  anonymousUserHasPremium
}

fragment SingleContentPieceChapter_contentPieceChapter on ContentPieceChapterInterface {
  __isContentPieceChapterInterface: __typename
  ...MainContentChapterSection_contentPieceChapter
  hasAudio
  globalContentPieceChapterId
  hasBlocks
  isPremium
  trackingTitle
  contentPiece {
    __typename
    ...AudioOnlyBanner_contentPiece
    globalContentPieceId
    trackingTitle
    isPremium
    contentPieceType {
      name
      trackingName
    }
    id
  }
}

fragment TextBlock_block on TextBlock {
  textMarkdown
}


Why Central Banks Have So Much Power Over Your Portfolio

Banking Basics

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Your Daily Brief For March 22nd

The Two Big Risks Ahead For US Banks, And What It All Means For Your Portfolio