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Collateral Scarcity Explains Japanese Yen's Fall [Ep. 285, Eurodollar University]
Repurchase agreement failures by America's Primary Dealers have moved step-for-step with Japan's yen for two years. As the tempo of musical (financial-collateral) chairs picks up (scarcity, scramble) the yen depreciates. We explain why and what it means.
****DISCLOSURES****
Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving investment advice or recommendations on behalf of AFA. The Promoter is being compensated by a fee arrangement…
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