Here is what's new today on INK Ultra Money.
1. There is always a bigger fish: a repo primer and overview of the premium Jeff Snider interview - Real Vision (free content)
A quick take on repos madness and on Jeff Snider's premium interview, "The Monetary System is Broken" which is listed below. Looking at the recently roiling repo market, AK asks what it means for the economy at large.
Snider: The monetary system was not fixed in 2008
2. What are Royal Bank insiders signalling about its future? - INK Research (subscriber video and free audio)
A picture is starting with insider selling at the Royal Bank (RY) that suggests investors may want to have modest expectations for the Canadian financial giant going forward.
A culture of insider profit-taking at Royal Bank
There is also an audio download available below.
3. The monetary system is broken Repo madness - Real Vision (subscriber video)
There's always a bigger fish. Here is a quick take on Jeff Snider's interview, "The Monetary System is Broken." Looking at the recently roiling repo market, AK asks what it means for the economy at large.
Jeff Snider, head of global research at Alhambra Investment Partners, has been covering the repo market breakdown since May 2018. With the recent spike in repo rates, it seems like the rest of the market has finally started to take notice. Snider explains why this problem is not coming up out of the blue and breaks down why he views recent market moves as a sign that the banks are telegraphing their knowledge of major threats to the monetary system. Filmed on September 27, 2019 in New York.
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