The repo market flare-up, the Fed’s phony solution, and the global dollar problem

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Mises Institute/ The Bob Murphy Show/Audio Interview of Jeff Snider-Alhambra Investments/10-17-2019

“Jeff Snider is Head of Global Research at Alhambra Investments. He talks with Bob about the recent spike in lending rates in the repo markets, and how the Fed’s attempted solution fails to address the real problem. He then relates the repo problem to the global monetary system, which has suffered from major imbalances going back to 2007 that have yet to be corrected.”

USAGOLD note:  Deep insights from Snider on what is going on in the repo market. . . .Quantitative easing was not printing money, he says, but an asset swap and an “unhelpful” one.