Joseph Wang on the Fed’s Impact on Money Markets
Macro Musings with David Beckworth
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QE Is Turning Money Markets Into a Zombathise Market
We are recording this August 25th. We think maybe by September FOMC meeting, maybe they'll make some announcements in. So we're kind of speculating at this point. But a lot has been happening and again created these side effects, maybe unintended effects in money markets. And I want to begin our conversation with a post you titled QE Zombathise Money Markets. The interaction between this two-thirds system and Baso 3 creates a dynamic that essentially zomifies money markets.
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