Central Banking 101
Become An Expert In the Financial System
Markets prices are just supply and demand, but each market participant faces different constraints and has different objectives.
Free
A foundational course for macro traders. These ten classes will take you on a tour across the major asset classes and teach common frameworks used to understand them. Each class relies heavily on case studies to illustrate the principles discussed.
$200
This is the first module of Markets 101. It contains courses on the Federal Reserve, Treasury Market, and Agency MBS market.
$80
This is the second module of Markets 101. It contains courses on the Foreign Exchange, the Global Dollar System, and Global Central Banks.
$80
This is the third module of Markets 101. It contains courses on Equity Markets, Credit Markets, and Money.
$80
This course will make you an expert on the Fed's balance sheet. In the first half we discuss the various components of the Fed balance sheet and how they behave. In the second half we will through a number of real life case studies.
$100
Joseph is the CIO of Monetary Macro LLC, author of Central Banking 101, and operator of Fedguy.com. Earlier in his career he was a senior trader on the Federal Reserve's Open Markets Desk, a credit analyst at S&P Ratings, and an attorney in New York. Through his career he has had the opportunity to study the financial system from the outside as a market participant, but also from its very center on the Desk. His work aims shed light on what often appears to be an opaque system, and to bridge the gap between academia and practice when it comes to financial markets.
Joseph holds a B.A. in Economics from Northwestern University, a J.D. from Columbia Law School, and an MSc. in Financial Economics from Oxford University.