Zoltan Pozsar is the Managing Director of Investment Strategy and Research at Credit Suisse. Prior to this, he was a senior adviser to the US treasury. So there is nobody better to explain what the money markets are, how they work, and the interplay with the broader economy.
In this absolutely fascinating conversation, Zoltan talks about everything from what money markets are, regulatory changes, yield curve inversion, to the impact of the inversion on carry trades and why foreign investors are cooling off on US debt.