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EDU's Guide to What A Collateral Shortage Looks Like Link Here: https://funnel.eurodollar.university/collateral So, there were a whole lot of repo fails at the end of December. What does that mean? What are repo fails? They are often fickle and fleeting, but they can tell us something very important about just what we want to know where it comes to the beating heart of the global monetary system. Decoding fails is actually pretty easy with a little bit of knowledge and history. Eurodollar University's Money & Macro Analysis IOSCO https://www.iosco.org/about/?subsection=about_iosco IOSCO Securities Lending Transactions https://www.iosco.org/library/pubdocs/pdf/IOSCOPD96.pdf FRBNY Guide to FR2004 Settlement Fails Data https://www.newyorkfed.org/markets/pridealers_failsprimer.html https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #ratecuts #federalreserve #fomc #fedpivot #collateral #repo |