59.0 The Best Podcast Intros of Making Sense, Season 1———Episode 59 Intro———March 23, 2020 is a day that no financial market participant will forget. It was the day that America's S&P 500 put in its low and stock prices began their climb to "what looks like a permanently high plateau." More importantly, it was the day that Making Sense debuted. [...]
58.3 Izabella Kaminska on Green Bitcoin, Privacy & NFTs ———Part 3 Summary——— Izabella Kaminska, editor of Alphaville - the Financial Times blog, talks: bitcoin free-market green energy, non-fungible tokens, cryptocurrency's role in the monetary order, intraday interbank liquidity, central bank command-economy green agendas and more! ———Episode 58 Intro——— Welcome to Making Sense. Jeff Snider and I are joined by a [...]
58.2 Izabella Kaminska on UBI, MMT, ESG and -isms———Part 2 Summary———Izabella Kaminska, editor of Alphaville - the Financial Times blog, talks political-economy: work furlough as proto Universal Basic Income, a labor force under Modern Monetary Theory, naïve accedence of Environmental-Social Governance, socialism, communism, corporate-capitalism and more! ———Episode 58 Intro——— Welcome to Making Sense. Jeff Snider and I are joined by [...]
58.1 Izabella Kaminska on Media, Criticism and Trust———Part 1 Summary——— Izabella Kaminska, editor of Alphaville - the Financial Times blog, talks: financial journalism, the necessity of skepticism, public distrust of media, press reticence to cover underclass concerns, reportage to clarify versus to convince, technology's impact on news, and more! ———Episode 58 Intro——— Welcome to Making Sense. Jeff Snider and I [...]
The SLR exemption is ending! The SLR exemption is ending! Doesn't exactly roll off the tongue, does it? There has been rampant speculation the last few weeks about the fate of the exemption the Fed provided banks a year ago with regard to the Supplemental Leverage Ratio that allowed them to ignore Treasuries and reserves. The banks themselves warned that [...]
57.0 Jeff Snider Reacts Live to Paul Krugman Column———Intro———Will Stagnation Follow the Biden Boom? So asks New York Times columnist (and Nobel Memorial Prize winner) Paul Krugman. Jeff Snider listens and reacts to Krugman's lament that though the relief bill is done, recovery may be harder. ———SEE IT——— AlhambraTube: https://bit.ly/2Xp3roy Twitter: https://twitter.com/JeffSnider_AIPTwitter: https://twitter.com/EmilKalinowskiArt: https://davidparkins.com/ ———HEAR IT——— Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr ———Ep 57.0 Topics——— 00:05 Paul Krugman, NYTimes [...]
56.3 Treasuries: Standard vs. Eurodollar Explanation———Part 3 Summary———Learn the difference between an orthodox-economics and a shadow-money view of US Treasuries. The mainstream says, 'Too many Treasuries!' and 'Emerging markets in danger!' Is that true? ———Episode 56 Intro——— Space, the final metaphor. Why do central bankers offer spirographic, retrograde answers? Because they operate within a Ptolemaic paradigm – a geocentric model [...]
56.2 Is The Money Boom Is Already Here? NO!———Part 2 Summary——— Learn why a HISTORIC surge of M2 money supply is NOWHERE near-enough to rescue the world economy. Across a group of mostly rich nations M2 and M3 are at multi-decade highs. And yet millions remain unemployed. What's missing? Money! ———Episode 56 Intro——— Space, the final metaphor. Why do central [...]
56.1 Treasury Selloff Submerges Repo Market Under Zero ———Part 1 Summary——— Learn why rates in the repurchase agreement market went negative. What might it mean for economic recovery, not only in the United States but globally? Learn about 2013 and 2020 when repo securities also "traded special". Jeff Snider offers two explanations, one benign (sort of). The other? Malign. ———Episode [...]
Markets continue to move based on the expectation of a post-virus boom. At least that is the dominant narrative right now. The economy, boosted by another round of stimulus, will surge once the virus is under control and things return to normal. President Biden last week offered his version of optimism by saying that families would be able to gather [...]
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