4min chapter

Odd Lots cover image

Zoltan Pozsar on His Next Big Move and the Coming Monetary Divorce

Odd Lots

CHAPTER

The First Republic: A Case Study

SBB had a lot of duration in its portfolios, and they didn't hedge them properly. The solution that the Fed crafted for some of these security problems was extremely powerful. But again, what's done is done. I think BPFP is going to be there as a standard feature of system.

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