Millennials are sicker than Gen X, which bodes ill for the future economy

Re:Millennials are sicker than Gen X, which bodes ill for th... by jfoucher on Wednesday December 18, 2019 @04:25AM (#21823213)

Citation ?

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Re:Millennials are sicker than Gen X, which bodes ill for th... by badpun on Wednesday December 18, 2019 @04:48AM (#21823326)

Banking laws and regulations. In most countries, banks are required to physically hold (i.e. not lend further) as a reserve a fraction of the money in their customers accounts. This is to provide liquidity, protect against bank runs etc.

So, If a customer A has $1000 in his account and the reserve rate is 10%, the bank can only lent $900 to some other person B. Then, in turn only 90% of that can be lent further. If you run this to the limit, for a 10% reserve rate, the amount of money that can be generated by banks is at most 10x the physical amount.

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Re:Millennials are sicker than Gen X, which bodes ill for th... by dlp211 on Wednesday December 18, 2019 @04:50AM (#21823337)

https://www.google.com/search?q=bank+deposit+reserves&oq=ban...

Currently 10% of deposits for big banks, ie more than $124MM in deposits.

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