Collateral. Collateral. Collateral. Confirmed...by the Fed.

After some initial though needed background, we'll dive into what you need to know about the world's real monetary engine. No, not the Fed though the Fed once played a role in the beginning. Instead, various parts of repo tell us what's important, including triparty repo. What that is and why data from it shows collateral really is messed up, that's what we'll discuss today.