Darrell Duffie On How to Fix the World’s Most Important Market
Odd Lots28 Aug 2023

Darrell Duffie On How to Fix the World’s Most Important Market

In the global financial system, US Treasuries play a special role. They’re basically as close to cash as a financial asset can get and their yields act as the "risk-free" rate against which all other assets are measured. In other words, the US Treasury market is supposed to be the safest and most liquid in the world. But Treasuries have also been at the center of some pretty big financial events in recent years, including the March 2020 sell-off and the collapse of Silicon Valley Bank this year. The Federal Reserve has had to step in to support the market, and now there’s concern over who will buy all these bonds as the US Treasury ramps up its borrowing. So why does the world’s most important market keep experiencing these issues? And what can be done to improve the way Treasuries are bought and sold? In this episode, we speak with Stanford University finance professor Darrell Duffie, who just presented a paper about this very issue to central bankers at the annual Jackson Hole symposium. We talk to him about why the Treasury market keeps experiencing problems, what can be done to fix it, and why the issue is gaining more urgency.

See omnystudio.com/listener for privacy information.

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(1251)

The Tungsten Market Is Warning of an Upcoming War

The Tungsten Market Is Warning of an Upcoming War

Bloomberg Opinion columnist David Fickling tells us you can think of tungsten mining as “a century old prediction market for war.” As he writes in a recent piece, tungsten is “a super-element that can...

3 Aug 44min

Why Private Credit Got Entangled With Insurance

Why Private Credit Got Entangled With Insurance

Insurers have quietly become a major driver of the private credit boom, with numerous private equity shops striking deals with insurance companies or buying them outright. But the entanglement with pr...

31 Juli 51min

How the Iranian Economy Actually Works

How the Iranian Economy Actually Works

After the Iranian Revolution of 1979, the country's new leaders — religious and political — promised to redistribute the country's wealth and made moves to make Iran independent from western influence...

30 Juli 57min

Branko Milanovic on What Comes After Globalization

Branko Milanovic on What Comes After Globalization

It's pretty obvious by now that globalization has fallen out of favor. And while many pundits have deemed economic globalism dead, we are still figuring out what to call this new era. Branko Milanovic...

27 Juli 1h 1min

How Financial Advisors Can Grow During the Great Wealth Transfer (Sponsored Content)

How Financial Advisors Can Grow During the Great Wealth Transfer (Sponsored Content)

Over the next two decades, more than $100 trillion will change hands in the greatest wealth transfer in history. This is a massive opportunity for financial advisors, both new and established. This co...

26 Juli 17min

How Franchise Restaurants Opened the Door to the Gig Economy

How Franchise Restaurants Opened the Door to the Gig Economy

When the fast food industry began booming in the 1950s, it did so via a new business model known as the franchise. This model allowed independent operators to license trademarks from a business like M...

24 Juli 44min

Why Apple Is Heading Into a Pivotal Moment

Why Apple Is Heading Into a Pivotal Moment

There used to be a time when the latest product release from Apple was a huge deal. But lately, it's been kind of 'meh,' and a lot of the hype in the tech world has been directed at companies doing th...

23 Juli 49min

The Creator of Claude Code on The Hottest Piece of Software in the World

The Creator of Claude Code on The Hottest Piece of Software in the World

2026 has been, in terms of software, the year everyone is talking about Claude Code. Indeed, Anthropic's coding agent incited a market scare — and helped usher in the era of vibe coding — through its ...

20 Juli 1h 6min

Populärt inom Business & ekonomi

framgangspodden
badfluence
dynastin
varvet
svd-tech-brief
uppgang-och-fall
avanzapodden
rss-inga-dumma-fragor-om-pengar
fill-or-kill
rss-kort-lang-analyspodden-fran-di
tabberaset
rikatillsammans-om-privatekonomi-rikedom-i-livet
market-makers
rss-veckans-trade
rss-borslunch
rss-dominoeffekten
bathina-en-podcast
rss-dagen-med-di
rss-borssurr-med-mitelman-och-mellqvist
rss-hos-psykologen