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Collateral as Currency, Part 2
In Part 1 of this series, we started digging into why the world needs so much collateral. Part 2 takes that a step - or two - farther. Why there so much borrowing and lending of collateral, tracing where that came from and how the eurodollar solved the next huge hurdle on the road to global money. And what it would cost to make it.
No Longer Perfect: Pandemic Poverty
It was worth it to struggle through the pain (Jeff would be in the emergency room mere hours later) because everyone needs to know the swap story. George gave Jeff some homework and here is the final report. It’s a multiple-choice problem with only two possible answers. However, everything hangs in the balance: recession, poverty and imperfection.
Weekly Recap #111
Update of the key market developments over the past week or so.
WATCH HERE
