Yeah I didn’t even know what the hell the Eurodollar was until a few years ago. I mean if someone asked me my guess would have turned out correct, but it can be complicated, or I sometimes find it so.
Discussion
Parts of a draft post I am working on as to why m3 is most accurate and what it includes before tracking was discontinued:
Eurodollar Market Size
* Estimated Total Market: $14-16 trillion
* Untracked in Standard Inflation Calculations
* Potential Inflationary Contribution: 3-5% additional inflation annually
Repo Market Volume
* Daily Repo Market Transactions: $4-5 trillion
* Annual Equivalent: Approximately $1.4-1.8 quadrillion
* Potential Hidden Liquidity Impact: 2-4% additional inflation annually
Wild.