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Frederick Miles
Uneducated Economist
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Comments by "Frederick Miles" (@frederickmiles8815) on "Deflation, Just Don't Call It That" video.
Correct - love your content, I would hope most people realize that lines of credit and margin are not money (money meaning collateral, as a dollar is just a baby bond time now) - and once all that margin / credit evaporates production grinds to a halt and bond defaults explode. I'm looking at the repo rate as the canary in the coal mine. Also remember the defaults were 'selective default' like greece in 2012; super shady, and CDS insurance only kicks in post ISDA committee (i believe the Credit Derivatives Determinations Committee).
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