PE27: Decoding M3 - Repurchase agreements USA (VII)
from Crypto Voices Hosted by Matthew Mezinskis
Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the twenty-seventh installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:48 Money supply "stack" 02:47 Federal Reserve presser on M3 discontinuation 05:05 Repo market summary 05:28 Why repos: #1 Shadow banking 08:57 Why repos: #2 Liquidity 10:41 Why repos: #3 Leverage 12:30 M3 non-M2 Total (Fed discontinued) 12:39 Large time deposits & Institutional money market funds 13:40 Repos (Banks) 16:30 Repos (Shadow banks) 19:25 Former Fed economist explains repos and M3 24:10 Repos (Fed) 28:58 Fed knows it's a monopoly actor 31:45 Adding up all M3 money supplies found so far Here we look at the next level up for the United States money supply: the M3 money stock. Note that M2 is included in the M3 money supply; however, in this video we cover only the non-M2 monetary components. Specifically in this video, we are covering repurchase agreements. These next few videos will review how it is a challenge to reconstruct this data, since the Fed stopped publishing this money supply in February 2006. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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