Why the Federal Reserve had to step in again to sop runs on money market mutual funds and keep the financial system from imploding. Topics covered include: What are the differences between shocks and vulnerabilitiesWhat are the four main vulnerabilities the Federal Reserve monitorsHow deleveraging and demands for liquidity lead to market stressesWhat are the types of money market funds and how were they impacted by the Covid 19 shockHow was Treasury bond trading impacted by the Covid shockWhy the Federal Reserve stepped in to stop the market contagion from spreadingWhat are the downsides to central bank interventionsWhat individual investors can do to protect against future shocks Thanks to Mint Mobile and Truebill for sponsoring the episode. For more information on this episode click here. Show Notes President’s Working Group on Financial Markets Releases Report on Money Market Funds—U.S. Department of the Treasury Report of the President’s Working Group on Financial Markets: Overview of Recent Events and Potential Reform Options for Money Market Funds, December 2020—U.S. Department of the Treasury U.S. Credit Markets Interconnectedness and the Effects of the COVID-19 Economic Shock by S.P. Kothari, Dalia Blass, Alan Cohen, Sumit Rajpal, and SEC Research Staff—U.S. Securities and Exchange Commission Financial Stability Report November 2020—Board of Governors of the Federal Reserve System How Vanguard Overhauled a Prime Money Fund by Bernice Napach—ThinkAdvisor Overnight Index Swap by James Chen—Investopedia Cash Viewpoint: What do Variable Rate Demand Notes do for Your Money Market Fund—Invesco Related Episodes 270: Repo Rates Soared—Here’s Why It Matters 291: How To Survive the Coronavirus (COVID-19) Shutdown 305: Are Banks Safe? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How to structure employment so workers are more creative, productive, and happier. Topics include: What percentage of employees work at home due to the pandemicHow many hours per week do men and women work in both paid employment and unpaid caregivingHow workers have been allocating the time saved by not commutingWhy the economy would still prosper if we worked only four hours per dayWhat is the cult of efficiencyWhat is the difference between leisure and amusementWhy employers reward busyness at workHow work can be more satisfying and create Thanks to LinkedIn and Policygenius for sponsoring the episode. For more information on this episode click here. Show Notes 60 million fewer commuting hours per day: How Americans use time saved by working from home by Jose Maria Barrero, Nick Bloom and Steven J. Davis Mental health: C-suite struggles in the pandemic by Rachel Ranosa—Human Resources Director Deep Work (Rules for Focused Success in a Distracted World) by Cal Newport In Praise of Idleness by Bertrand Russell—Harper's Magazine Do Nothing: How to Break Away from Overworking, Overdoing, and Underliving by Celeste Headlee Aristotle's Nicomachean Ethics by Aristotle translated by Robert C. Bartlett and Susan D. Collins Rest: Why You Get More Done When You Work Less by Alex Soojung-Kim Pang The Art of the Siesta by Thierry Paquot When More Is Not Better: Overcoming America's Obsession with Economic Efficiency by Roger L. Martin Related Episodes 107: Work, Freedom and Leaving A Legacy 184: Massive Job Losses Are Inevitable But There Will Still Be Work 323: The Economy Is Not A Machine See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.