Peak What? The Quadruple D - Part 1

Summary

• A multi part examination of the interrelationship of Oil, Energy, Commodities, BRIC's, Emerging Markets.

• Bonds, Dollar Denominated Debt, Forex Reserves, Reverse Repo, Dollar Swaps, HQLA, Monetary Aggregates, Market Liquidity.
• Syndicated Lending, CDO's, CLO's, Carry Trades, Leveraged Loans, Offshore Dollar Banking and Off Balance Sheet Obligations.

Part one of a three part (guaranteed) effort to complete the serpentine journey through the market jungle that began in Peak What? Christmastime in Hell Parts 1, 2, 3, 4, 5 and 6. 

In Peak What? The Quadruple D Part 1, we examine:

• CDS (credit default swaps), Interest Rate Swaps
• A subtle nuance in core banking liabilities
• BRIC NFC (surrogate financial intermediary) carry trades
• Financial sector carry trades and the maturity mismatch
• Triple D can refer to Diners, Drive-Ins and Dives, or great places to eat, Guy Fieri has quite the gig... but it usually refers to the three D's -  displacement, divorce and death - from which many life changes can ensue. A DDD bra is to buxom as a DDD credit rating is to a wide spread, the former in IMHO is a more welcome sight. Getting back on the right track, for our purposes, much like lawyers, guns and money, DDDD refers to dollars, debt, default and derivatives speaking of the latter and Moving West...
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