What The %!&$# Is The Repo Market? : Planet Money Lots of people have been freaking out over the repo market... but what IS the repo market?
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What The %!&$# Is The Repo Market?

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What The %!&$# Is The Repo Market?

What The %!&$# Is The Repo Market?

What The %!&$# Is The Repo Market?

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  • <iframe src="https://www.npr.org/player/embed/769448191/769487598" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Patrick Semansky/AP
FILE - In this Wednesday, Sept. 18, 2019 file photo, Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee. (AP Photo/Patrick Semansky, File)
Patrick Semansky/AP

If you've been reading financial news in the past few weeks you've probably seen headlines about turmoil in the repo market, about banks facing a liquidity crisis, about the Federal Reserve stepping in to set things right. But one question you may have been too scared to ask: what the %!&$# is the repo market?

Have no fear, Team Indicator has you covered. On today's show we're joined by Mary Childs, who explains what the repo market is, how it works, and why we should care about it. Also, why the current kerfuffle is fundamentally different from the repo troubles that foreshadowed the financial crisis back in 2007.

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