Half of the global financial system's assets belong to shadow banks. You have probably already used one. What are shadow banks and what to be wary of when using them. Topics covered include: Show Notes Q+A-What is shadow banking and why does it matter? by Michelle Martin—Reuters What You Need to Know About the Shadow Banking System Now by Craig Kirsner—Kiplinger Global Monitoring Report on Non-Bank Financial Intermediation 2020—Financial Stability Board How fintech will … [Read more...]
169: The Debt Ceiling—What Happens If the U.S. Defaults
What could happen if the U.S. Congress doesn't raise the debt ceiling and defaults on U.S. financial obligations. In this episode you’ll learn: Show Notes The Debt Limit: History and Recent Increases - D. Andrew Austin - Congressional Research Service U.S. Department of Treasury debt limit documents Debt Limit: Myth vs. Fact - U.S. Department of Treasury Here's What Happened the Last Time the U.S. Defaulted on Its Debt - Matthew O'Brien - The Atlantic The … [Read more...]
155: Clues To The Next Financial Crisis
How panic caused the great financial crisis and what to look for to see if it is happening again. In this episode you’ll learn: Show Notes The Money Problem: Rethinking Financial Regulation - Morgan Ricks Lombard Street: A Description of the Money Market - Walter Bagehot Potential Output and Recessions: Are We Fooling Ourselves? - Robert Martin, Teyanna Munyan, and Beth Anne Wilson When Safe Proved Risky: Commercial Paper during the Financial Crisis of 2007–2009 - … [Read more...]
