The Repo Market, Shorts, Shortages & Squeezes

The Repo market is the most important market few people know about. It's a pillar of the financial system that's often misunderstood yet plays a vital role in the industry. If the financial markets are the engine that powers the economy, the Repo market is the oil that lubricates that engine.

The entire financial system relies on the Repo market. There would be no modern financial system without the Repo market. At the same time, there would have been no Salomon Brothers, Long Term Capital ...