The U.S. economy's biggest superpower, explained
Planet Money
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The Role of U.S. Treasuries in Financial Stability
This chapter explores the critical importance of U.S. Treasuries in the financial system, emphasizing their role as a safe investment and essential component for post-2008 stability. It also examines the complexities of the repo market, the lack of regulatory oversight, and the potential risks associated with the multiple leveraging of Treasury securities.
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