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Frances Coppola

Frances Coppola

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Economist/writer; banks, money, macro

Israel Not NATO Member; Allies Not Obligated to Defend
Social•Mar 12, 2026

Israel Not NATO Member; Allies Not Obligated to Defend

Israel is not a member of NATO. NATO members are under no obligation to defend it, either militarily or legally.

By Frances Coppola
UNSC Silence Explained: US Veto and Israel Influence
Social•Mar 12, 2026

UNSC Silence Explained: US Veto and Israel Influence

Why hasn't the UNSC condemned the US and Israel attacks on Iran? Oh silly me. The US is a permanent UNSC member with a veto. And Israel pulls its strings.

By Frances Coppola
Media Silence on Israeli Displacement versus Lebanese Coverage
Social•Mar 10, 2026

Media Silence on Israeli Displacement versus Lebanese Coverage

If three-quarters of a million Israeli civilians had been driven out of their homes by Lebanon's army and left with nowhere to go, this would be headline news in every Western media outlet. But when the Israeli army does this...

By Frances Coppola
Fed Sets Reserve Levels; SOFR‑IORB Gap Signals Bank Comfort
Social•Feb 27, 2026

Fed Sets Reserve Levels; SOFR‑IORB Gap Signals Bank Comfort

No, it tells you there are still very large quantities of reserves in the system as a result of QE. Banks collectively are obliged to hold all the reserves issued by the Fed. The quantity of reserves in the system...

By Frances Coppola

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