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Banks had warned, SOFR doesn't work and that's a huge problem (in case you hadn't noticed).

Eurodollar University's Money & Macro Analysis

Articles discussed in this video:

https://www.realclearmarkets.com/articles/2022/03/25/an_entire_decade_wasted_at_the_expense_of_common_sense_823683.html

https://www.realclearmarkets.com/articles/2020/03/26/fire_all_the_central_bankers_while_theres_something_to_salvage_487635.html

https://www.realclearmarkets.com/articles/2019/07/19/theyre_all_symptoms_of_the_same_dollar_disease_103828.html

https://www.realclearmarkets.com/articles/2017/08/04/looking_for_problems_in_all_the_wrong_places_102812.html

Twitter: @JeffSnider_AIP…

The skinny

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