
 Forward Guidance
 Forward Guidance Jeff Snider: The Credit Crunch Is Here As Ultra Rare Bond Market Signal Flashes Red For First Time Since 2008
 11 snips 
 Apr 24, 2023  Chapters 
 Transcript 
 Episode notes 
 1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21 
 Introduction 
 00:00 • 3min 
 The Value of Treasury Bills in the Money Market 
 03:20 • 3min 
 The Fed Funds Rate and the One Month Treasury Bill Yield 
 05:56 • 2min 
 The Risks of Liquidity Preference 
 07:28 • 2min 
 The Importance of Collateral in the Economy 
 09:38 • 6min 
 The Advantages and Disadvantages of Secured Financing Transactions 
 15:21 • 3min 
 The Consequences of Credit Crunch 
 18:48 • 4min 
 How to Avoid Bank Runs 
 22:37 • 5min 
 The Fed's Decision to Accept a Recession 
 28:01 • 3min 
 The Fed's Forecast for a Mild Recession in 2023 
 30:43 • 3min 
 The Fed's March Pleasure 
 33:57 • 2min 
 The Federal Reserve's Mission Caught in the Banking Panic 
 35:42 • 4min 
 The Fall of Silicon Valley Bank 
 39:42 • 3min 
 The Effect of Quantitative Easing on Deposit Creation 
 43:10 • 2min 
 The Distortion of Silicon Valley Bank 
 45:14 • 2min 
 Silicon Valley Bank's Failure to Take Advantage of Wholesale Opportunities 
 47:43 • 2min 
 The Definition of Deflationary Money 
 49:51 • 3min 
 The Markets Are Trading a Curve That We Didn't See in 2007 and 2008 
 53:13 • 2min 
 Eurodollar Futures: The Future of LIBOR 
 54:51 • 2min 
 The Counter Theory of the Debt Ceiling 
 56:39 • 6min 
 The Yield Curve Signals a Credit Crunch and Deflationary Money 
 01:02:25 • 3min 

