Lesson 1

Beyond Traditional Banking

The textbook model of money creation (Fed → Banks → Economy) is obsolete.

Lesson 2

The Collateral Engine

Modern finance runs on collateral.

Lesson 3

Private Credit & Shadow Banking Health

Since 2008, private credit has exploded as banks retreated from risky lending.

Lesson 4

The MOVE Index (MOVE): Volatility as Throttle

The MOVE Index (MOVE) is arguably the most important indicator for shadow banking liquidity that almost no one watches.

Lesson 5

Plumbing Stress Indicators

The financial system's 'plumbing' — the repo markets, overnight lending, and funding mechanisms — can break even when headline indicators...