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Wicksell’s Depression Star, Part 2
The S&L Crisis of the eighties had left thousands of fail banks in its wake. Yet, there was no Great Depression 2 following it. On the contrary, the period was marked by unparalleled global prosperity. To really understand and appreciate the difference, we turn to the basic fundamental economics of interest rates. And Ben Bernanke.
Wicksell’s Depression Star, Part 1
Hundreds of banks failing. Big ones, too. Deposit flight. Wall Street rescues. Fed emergency loans. The first bank holiday since the great depression. It’s not March 2023.
The Basics #6: Money Relativity
As everyone knows, the Fed raises its rate when it wants to tighten and lowers it for loosening. Boom. End of vid. The price of money held right in Jay Pow…wait a minute. Is it just that simple and easy? What about the direction of rates? Would a dynamic, complex system really only have one price of money so easily manipulated by something like the Fed? We really need to think about this a lot more. Starting here.
One More Rate Hike on Deck?
Jeff Snider, host of Eurodollar University, joins Maggie Lake to discuss today's market selloff and the stress in banking, whether the Fed will hike interest rates tomorrow, and why deflationary fallout is spreading across the globe.
Member Video #20: Expanding Collateral
We left off in Video #19 in the 1890s when the federal government retired debt, making it difficult for banks to get their hands on the Treasuries banks needed for elastic currency. So, banks experimented and created currency in other ways. Here in #20, we find in the 1990s the federal government retiring debt, making it difficult for banks to get their hands on the Treasuries banks needed for elastic currency. So, banks…
Weekly Recap #1
Eurodollar University members shouldn’t have to wait for something to happen to get an update on what did. Starting this week, a new regular feature where Jeff provides a recap of the most important money and market developments as usual from the eurodollar perspective.
