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Banks aren't what you think they are which has become a huge, huge problem.
Eurodollar University's Money & Macro Analysis
Jamie Dimon on CNBC:
https://www.youtube.com/watch?v=TIJbTsYbHME
FRB Atlanta The Evolution of the Check as a Means of Payment: A Historical Survey
https://www.atlantafed.org/-/media/documents/research/publications/economic-review/2008/vol93no4_quinn_roberds.pdf
Federal Reserve Payments Study (2019)
https://www.federalreserve.gov/newsevents/pressreleases/files/2019-payments-study-20191219.pdf
Twitter: https://twitter.com/JeffSnider_AIP
https://www.eurodollar.university
https://www.marketsinsiderpro.com
https://www.PortfolioShield.net…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.