5min chapter

Odd Lots cover image

Zoltan Pozsar and Perry Mehrling On The Historic Crisis Of Financial Market Plumbing

Odd Lots

CHAPTER

Is the Fed Having the Right Tools to Solve This?

The Fed is essentially backstopping the shadow banking system again. The only thing that's missing in this whole edifice is probably has less to do with the Fed. And I think what needs to be done now is basically just calibration and making sure that the things fit a little bit better together.

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