Carolyn Sissoko and Joseph Wang discuss the Fed's potential interest rate cuts in 2024, the collateral supply effect, and the merging of credit allocation facilities and money markets. They also touch on the rise of "Too Big To Fail," the separation of bank lending and money markets, central bank digital currencies, and the impact of the Fed's interest rate hikes on the financial system. Finally, they analyze the gamble in private equity and leveraged loans and discuss the outlook for stocks.
