#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #collateral #repo
Something big is going on under the surface in collateral. There's a global scramble underway, one that took an ugly turn this week. Here we examine some of the background changes which uncovers a puzzle. US$ repo markets haven't been using as much UST collateral as before which is beyond odd given how much more UST collateral should be available from insane issuance. 

Eurodollar University's Money & Macro Analysis

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