All-Stars #60 Jeff Snider: Deep dive on the Repo Blowup

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 23 September 2019

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

All-Star Jeff Snider is back by popular demand to explain why the mainstream explanations for last week’s explosion in repo rates just doesn’t add up with the facts! Link: http://bit.ly/2mcArQV

Transcript

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0:00.0	This is a special edition of Macrovoises with hedge fund manager Eric Townsend.
0:14.2	The premier financial podcast targeting professional finance, high net worth individuals, family
0:19.8	offices, and other sophisticated investors.
0:23.0	Now for this special edition of Macrovoises, here's hedge fund manager Eric Townsend.
0:30.1	Macrovoises All Stars episode 60 was recorded on September 22nd, 2019.
0:36.8	I'm Eric Townsend.
0:38.5	Ever since the repo facility blew up last week, our inbox has been overwhelmed with requests
0:45.0	for an update from Jeff Snyder.
0:47.4	So we've got Jeff ready to go for you.
0:50.5	Even took time out of his Sunday afternoon to pre-record this so we could get it out first
0:54.7	thing on Monday morning.
0:56.5	Jeff put together a fantastic slide deck that goes with today's discussion and I strongly
1:01.7	encourage you to download it as we'll be discussing the graphs and charts which it contains
1:06.2	in detail.
1:07.3	You'll find the download link next to Jeff's picture in the description of this article
1:11.6	on our homepage at macrovoises.com.
1:14.5	Jeff, just over a month ago, we were talking about Fed funds moving above IOER, the repo
1:21.1	market, ceilings and floors, target ranges and all of that stuff which at the time just seemed
1:27.3	like money market minutia that wasn't all that relative to current events.
1:32.4	Well, guess what?
1:33.7	Stuff just got real and all of the sudden it's quite relevant to current events.
1:38.2	And I remember you saying that something must be going on with money markets because to
	...

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