MacroVoices #331 Jeff Snider: The Eurodollar Curve Says Deflation Not Inflation
Macro Voices
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Indicators of Extreme Collateral Shortfalls in Primary and Secondary Markets
Theres a massive squeeze for the best quality collateral, which tells us that this system is incredibly fragile. And we see the noches in the temill market. If you go to slide 23, ripo fails, another indication of a collateral shortfall. The dollar, especially when it goes upt at a very high accelerated pace, is it is a very dependable sign of d sationary money working its way through the global monetary system.
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