Q&A #157
Can the government keep borrowing forever? Shouldn’t there be a limit? How long can extend and pretend in commercial real estate keep up? Do swap spreads in a SOFR world reflect the cost of leverage rather than credit risk? Looking at past rate cutting cycles, is this one an anomaly given the delay between the last set of cuts and what might be the next set? Is prime broker funding becoming more important to the eurodollar world? The longer Powell holds rates, the more dramatic the decline when they finally do go down? Any thoughts on Bitcoin and Strategy? What’s up with M2? Is Emil still alive? Do we know how much the Chinese-inspired real estate bubble in Canada may have reversed? Can we estimate the eurodollar in quality of life? Would that be threatened if the “dollar lost its reserve” status, meaning eurodollar replacement? Can we find useful stats, reasonably accurate representations of money?
