|
|
|
|
|
|
by curation
1830 days ago
|
|
|
Yes! This. Consideration of the repo markets without understanding Eurodollars means the entire conversation is meaningless. There is not enough GOOD collateral. Treasuries are the only thing banks trust because they know how fragile everything is (rehypothecations, nake shorts). This is the continuation of the '08 crash, not a new one. |
|
|