Synopsis: Brent Johnson, CEO of Santiago Capital, is joined by Steven Van
Metre of Steven Van Metre Financial to discuss the most pressing issues on the
macro landscape. After exploring whether quantitative easing (QE) and low
rates are inflationary or deflationary, Johnson and Van Metre take a deep dive
into the plumbing of the Treasury market and specifically the operations of the
Fed’s FOMC. Van Metre explains why he believes the Fed’s policies have actually
caused banks to tighten their lending standards rather than loosen them as the
Fed intended. The pair then take a look at swap lines and the Eurodollar
funding market as well as the effect a credit contraction would have on the U.S.
dollar. Lastly, Van Metre talks about his Real Vision journey and how the
knowledge he’s gained has helped him as a financial advisor
GameStop (NYSE:GME) ended 2020 with $216 million in long-term debt. But under an early redemption notice announced yesterday, the video game retailer said it will be retiring the notes at the end of the month.
That will leave GameStop debt-free and able to focus its resources on transforming into a primarily e-commerce driven retailer.