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Member Video #21: Securities Lending
Earlier Classroom Videos have looked into collateral and how important it is to the eurodollar system, providing context and documenting key concepts. With the background out of the way, it’s finally time to go much farther, diving straight into the meat of the topic. Starting with how securities lending isn’t, um, lending.
Wicksell’s Depression Star, Part 3
The conclusion to the series. Depression Economics. Protracted Non-neutrality. Sure enough, Economists’ calculations for R-star are entire consistent with Ben Bernanke’s earlier scholarly work, Friedman’s interest rate fallacy, and, most of all, Wicksell’s Depression Star. The eurodollar factor is what links them all.
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.