Josh Galper is the managing principal of Finadium, an independent consultancy in capital markets based out of New York City. He joins the show today as part of a two week special on the Fed and repo markets, as he helps us take a look at recent repo market stress from the private sector. Specifically, David and Josh discuss the current state of US repo markets, key bottlenecks that have arisen in 2019, and a balanced proposal to restoring stability in capital markets.   Transcript for the episode: https://www.mercatus.org/bridge/podcasts/12232019/josh-galper-current-state-repo-markets-key-bottlenecks-and-balanced   Josh’s Twitter: @Finadium Josh’s Finadium profile: https://finadium.com/josh-galper-mba/   Related Links:   Finadium’s homepage: http://finadium.com Finadium’s magazine: http://securitiesfinancemonitor.com   *US Repo at Year-End 2019: The Hard Choices Ahead* by Josh Galper https://finadium.com/finadium-us-repo-at-year-end-2019-the-hard-choices-ahead/   *Are New Repo Participants Gaining Ground?* by Adam Copeland, Ira Selig, & Anya Tarascina https://libertystreeteconomics.newyorkfed.org/2019/04/are-new-repo-participants-gaining-ground.html   Repo week episode one: *George Selgin on Repo Market Stress, Fed Balance Sheet Volatility, and a Standing Repo Facility* https://macromusings.libsyn.com/george-selgin-on-repo-market-stress-fed-balance-sheet-volatility-and-a-standing-repo-facility   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth