How panic caused the great financial crisis and what to look for to see if it is happening again. Photo by Matthew Henry In this episode you’ll learn: What is commercial paper. What are shadow banks. How central banks stopped the 2008 financial panic. How financial indicators such as commercial paper-T-bill spreads, the Libor-OIS spread and the spread between credit default swaps and bond yields can help identify if the risk of financial panic is increasing. Show … [Read more...]