Josh Younger on the Origin Story of the Shadow Banking System
Odd Lots7 Nov 2022

Josh Younger on the Origin Story of the Shadow Banking System

There are a bunch of historical analogies that people like to reach for in order to describe some of the economic trends we're seeing today. There's obviously the period of high inflation in the 1970s and early 1980s, or the disruptions caused by the Spanish Flu pandemic around 1918. But there's also a single year -- 1953 -- which not only contains some eerie similarities to today's economic environment, but also ended up having far-reaching consequences that reverberate all the way to 2022. On this episode, Josh Younger, JPMorgan's global head of asset and liability management research and strategy, tells the origin story of the decisions made in 1953 that helped create the vast repurchase or repo market. At a time when there are plenty of concerns over the stability of the market for US bonds, we go back in time to explore the reasons why repo exist at all.

See omnystudio.com/listener for privacy information.

Episoder(1184)

The Big Macro Force That's Been Driving Stocks Higher for Years

The Big Macro Force That's Been Driving Stocks Higher for Years

Stocks have gone up over the years because corporate earnings continue to grow. That part is straightforward. But in addition to rising stock prices, we've also seen rising stock market valuations. Fo...

11 Apr 36min

How Shipping Insurance Really Works During a War

How Shipping Insurance Really Works During a War

When the conflict with Iran started, some of the first headlines we saw had to do with shipping insurance. Marine insurers were said to be canceling war risk coverage for vessels going through the Str...

10 Apr 53min

Thomas Peterffy on Interactive Brokers' Plan to Professionalize Prediction Markets

Thomas Peterffy on Interactive Brokers' Plan to Professionalize Prediction Markets

Right now, when you think about prediction markets, you basically think about two main companies: Polymarket and Kalshi. And then when you think of what's being traded on those platforms, there's a wh...

9 Apr 50min

Search Engine Presents: Are you a good driver?

Search Engine Presents: Are you a good driver?

The story of how a secret project at Google led to driverless cars on American roads. And, an answer to the question: are the robots actually safer drivers than we are? Find Part 2: “The Trial of the ...

8 Apr 1h 8min

Gina Raimondo on How European Industry Is Getting Crushed

Gina Raimondo on How European Industry Is Getting Crushed

The relationship between the US and Europe is deteriorating along both security and economic dimensions. The Trump administration has imposed tariffs, while also being sharply critical of NATO allies....

6 Apr 45min

Scott Bok Explains What Investment Bankers Actually Do All Day

Scott Bok Explains What Investment Bankers Actually Do All Day

There's obviously a lot of talk these days about AI and possible destruction of white collar jobs. Intuitively bankers might be expected to be victims of this. But before we can answer whether AI can ...

3 Apr 54min

This Is How to Tell if Writing Was Made by AI

This Is How to Tell if Writing Was Made by AI

When you consider the fact that many people don't know how and where to place a comma, it's safe to say that AI is already better than most people at writing. It's clean copy. It can be surprisingly p...

2 Apr 48min

Javier Blas on Why Oil Could Go Much, Much Higher

Javier Blas on Why Oil Could Go Much, Much Higher

Oil has shot up by a lot since the start of war with Iran. But it could still get much worse. So far, the massive disruption (due to the closure of the Strait of Hormuz) has been cushioned by the draw...

1 Apr 41min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
lydartikler-fra-aftenposten
e24-podden
rss-penger-polser-og-politikk
rss-borsmorgen-okonominyhetene
pengepodden-2
finansredaksjonen
tid-er-penger-en-podcast-med-peter-warren
livet-pa-veien-med-jan-erik-larssen
utbytte
morgenkaffen-med-finansavisen
rss-markedspuls-2
lederpodden
pengesnakk
rss-pa-konto
liberal-halvtime
rss-fa-makro
rss-investering-gjort-enkelt
boligbobla