Join Michael Cembalest as he explores a wide variety of investment topics, including the economy, policy and markets.
Episodes
Thursday Jul 03, 2025
Thursday Jul 03, 2025
Throughout history, non-FDIC insured short-term dollar denominated debt redeemable at par on demand has been prone to runs, whether in money market funds, repos or uninsured deposits. Why would lightly regulated stablecoins be any different?