Forward Guidance

The Fed's $3 Trillion Problem | Maroon Macro & Joseph Wang

May 24, 2022
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Episode notes
1
Introduction
00:00 • 2min
2
Quantitative Tightening: What to Expect
01:57 • 2min
3
The Effect of the Fed's Rate Raising on the Commercial Banking Sector
04:13 • 2min
4
The TGA Drawing Down and the RFP Coming Up
06:20 • 2min
5
The Risks of Investing in the RRP
08:07 • 2min
6
The Fed's Higher Than Expected Tax Receipts and Lower Treasury Borrowing Schedule
10:35 • 2min
7
The Bear Market in Long Duration Treasury Bonds Continues
12:24 • 6min
8
The Volatility of the Market
18:16 • 3min
9
The Fed's Monthly Roll Off Caps for Quantitative Tightening
20:48 • 6min
10
The Fed's Estimate of Mortgage Paydowns
26:32 • 2min
11
The Importance of Balance Sheet Capacity
28:13 • 2min
12
The Impact of the Basel 3 Rules on Repo
30:21 • 5min
13
The Role of Regulators in Banking
34:53 • 2min
14
Why Banks Don't Need Reserves to Make Loans
36:50 • 3min
15
The Limits of Leverage
40:14 • 3min
16
The Importance of Balance Sheet Capacity
42:46 • 3min
17
The Unprecedented Volatility of the US Treasury Market in March 2020
45:18 • 4min
18
The Cycle of Volatility
49:33 • 3min
19
The Effect of Base Widening on Hedge Funds
52:48 • 2min
20
How DeFi Can Solve Bank Balance Sheet Capacity Problems
54:29 • 1min
21
The Role of Decentralized Finance in the Global Financial Crisis
55:54 • 4min
22
The Future of FinTech
59:51 • 2min
23
The Evolution of Decentralized Finance
01:01:54 • 4min
24
The Fed's $3 Twelfth Problem
01:06:07 • 5min