James Grant: The ‘Epicenter’ of the Next Crash Is Not Banks - Life Insurance, Junk Debt & The Fed
James Grant: The ‘Epicenter’ of the Next Crash Is Not Banks - Life Insurance, Junk Debt & The Fed
Transcript
Welcome back. I'm Jeremy Saffron. Now, we have three developments hitting the US economy at the same time, and each one matters to the markets. Now, first, funding stress is back. Bloomberg reports overnight repo rates for the year-end turn have jumped about 60 basis points above the Fed's target. Now, several major banks are now openly asking the ... Read More
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