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Danielle Park - What's the Repo Market Trying to Tell You? #4494
Financial Survival Network
English - September 18, 2019 13:00 - 28 minutes - 39.5 MB - ★★★★ - 31 ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Meet Byron Browne - The Anti-Lawyer Lawyer #4493
Next Episode: John Rubino - Trump the Master Debaser #4495
Repurchase agreements or Repos are a cornerstone of today's leveraged economic system. They've been around since 1917. It's a way for banks to eke out a few more basis points on their bond holdings. Just yesterday the interest rate shot up from 2.25% to 10% overnight. This situation is unheralded. When things start going wrong in this market, there's likely major problems ahead. It's a market based on trust and certainty of repayment by banks and other major financial institutions. When they lose faith as they did in 2008, bad things happen. Like credit freezes and potential bank failures. Will 2019 be a replay of 2008? Let's see what happens next.