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Value After Hours 05 18: Michael Kao, Urban Kaoboy; Alpha with Asymmetry; Capital Structure Arb

The Acquirers Podcast

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The Fed and the Shadow Banking Sector in the Asset Markets

I don't think that this is going to be a GFC 2.0, but I'm more concerned about the hidden icebergs in the rest of the shadow banking sector. The march towards bigger and bigger money centers at the expense of regionals is somewhat inevitable; it's not a great outcome. Ultimately, I think the Fed has the upper hand on oil because I've never seen any sort of recessionary backdrop where oil didn't fall very precipitously. It just depends on what OPEC does now.

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