Andrew Gause answers the below questions and more in this edition of The Real World of Money
the real world of money with andrew gause, august 20, 2014, hour one
-If this is in fact true, how does one explain the following statement made by the Fed’s favorite Wall Street Journal reporter, Jon Hilsenrath?
One worry: As they move toward a new system, trading in the fed funds market could dry up and make the fed funds rate unstable. That could unsettle $12 trillion worth of derivatives contracts called interest rate swaps that are linked to the fed funds rate, posing problems for people and institutions using these instruments to hedge or trade.
-Will you expand on your knowledge that Abraham Lincoln was nearer to the bottom of the list of great presidents? Also your thoughts on the Gettysburg Address and the almost mythical status it has among Civil War buffs? And finally, can you offer some resources for me to research on my own? Thanks a lot for the great show and all the great coins from SDL!