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Member Video #12: Symptoms of Stress
Having laid out three different types of “links” in these long chains of interbank transactions, we’re on the lookout for three symptoms of potential systemic strain. But first, a look out how money rates can be misleading.
Wholesale Revolution, Part 1
Before there were long chains of interbank transactions in the eurodollar interbank ledger, there had to be an interbank ledger. The history of bank networks is fundamental to what money has since become.
Member Video #11: Intro Into Currency Swaps & FX
Going back to our monetary diagrams, it’s time to throw in the derivatives wrinkle. What is a dollar short, and why is it such a big deal? We explore it here.
Decoding Curves, No Conundrums Needed; Part 3
Find out what Fast Eddie’s handiwork led the world toward. And while we all moved toward our shared monetary fate, those who said they wouldn’t let it happen could only tell something big was happening without figuring out what it was. They should’ve decoded the curves.
Member Video #10: Detour, The Reserve Currency Vehicle
Rather than keep going deeper into the eurodollar fabric, Jeff thought it might be best first to take a brief detour into the foundations for any reserve currency regime. When doing so, we can begin to appreciate why the eurodollar was so successful…until it wasn’t.
Decoding Curves, No Conundrums Needed; Part 2
Who better to represent the wild and radical transformation of money and banking than a former bond analyst turned banker sporting the name of a barroom pool hustler. Having turned the monetary world upside down, no wonder the official world could no longer make sense of money and financial signals.
Member Video #9: Private Bank Ledger Money, Part 3
Now we’re really starting to weave the eurodollar fabric. Picking up from cycles of credit/money creation out of the long chains of interbank liabilities, now we add another layer, the Big C: collateral.