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by walterbell 1179 days ago
What do you think of Tom Luongo's thesis on dollar/SOFR vs. eurodollar/LIBOR? https://tomluongo.me/2023/03/21/fdic-insurance-credit-suisse... & https://www.patreon.com/posts/79871723

> On two major fronts, limited insurance for bank deposits and terminally impaired capital structures for European banks, the Fed just positioned the US to be the recipient of major capital inflows as all of the interest rate and credit risk is transferred back to Europe.