This Day STOPPED The World: August 9th 2007

Aug 10, 2023

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#deflation #recession #depression #inflation #interestrates #dollar #bank #money #credit #economy #money #whatismoney #jeffsnider #federalreserve #liquidity
August 9, 2007, is a date that should live in infamy but doesn't - not yet. Hardly anyone knows what happened or why it is today still so important and relevant. Amidst a banking crisis that hasn't gone away, Moody's gave us a reminder of it yesterday, understanding what went on and what came after is crucial.

Eurodollar University's Money & Macro Analysis

RCM: Anniversary of a Market Event That Changed Everything
https://www.realclearmarkets.com/articles/2014/08/08/anniversary_of_a_panic_that_changed_everything_101216.html

Reuters: BNP freezes $2.2 bln of funds over subprime
https://www.reuters.com/article/us-bnpparibas-subprime-funds-idUSWEB612920070809

FRBNY Liberty Street Economics: Did the Fed’s Term Auction Facility Work?
https://libertystreeteconomics.newyorkfed.org/2011/10/did-the-feds-term-auction-facility-work/

CNBC: Moody’s cuts ratings of 10 U.S. banks and puts some big names on downgrade watch
https://www.cnbc.com/2023/08/08/moodys-cuts-ratings-of-10-us-banks-and-puts-some-big-names-on-downgrade-watch.html

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DISCLOSURES
Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving investment advice or recommendations on behalf of AFA. The Promoter is being compensated by a fee arrangement: The Promoter will receive compensation on a quarterly basis, based on the increase in account openings that can be reasonably attributed to the Promoter's activity. The Promoter will not be receiving a portion of any advisory fees. The Promoter has an incentive to recommend the Adviser because the Promoter is being compensated. The opinions expressed on this site and in these videos are those solely of Jeffrey Snider and Eurodollar University and do not represent those of AFA.