Growth Scare Hits U.S. Economy | Barry Knapp on Fed’s “Quadrilemma,” Lehman Brothers, and Job Market
Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG. Follow Barry Knapp on Twitter https://x.com/barryknapp?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor Follow VanEck on Twitter https://twitter.com/vaneck_us Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ Timestamps: (00:00) Introduction (02:37) The Fed's Quadrilemma (09:46) The Fed's Views Of The Beveridge Curve and Phillips Curve (34:06) VanEck Ad (34:46) The Slow Death Of The Interbank Lending Market (AKA Fed Funds Market) (38:27) Fed Should Adopt Once More A "Bills-Only" Policy (43:21) Lehman: A Retrospective (48:47) Fannie & Freddie's Role In Facilitating The Growth Of Subprime Securitized Products (50:46) Moral Hazard In The Banking System Before The Great Financial Crisis (GFC) of 2008 (01:02:48) Lehman's Biggest Exposure Was Commercial Real Estate (CRE & CMBS), Not Subprime Residential (RMBS) __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.