AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
What Will Cause The Next Market Crash?
Many Happy Returns
The Problem With Household Borrowing
The Fed was a big buyer of treasuries, so there's less appetite for them now. The other problem is due to legislation because the Fed's been forcing banks to shrink their balance sheets. They can't buy lots of bonds in order to create a market. And that's made the bid off of spreads wider because the banks haven't got inventory. So they depend much more on the repo market to get the inventory off their balance sheet.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode