After reviewing another wild market week for May 9-13 (2:05) and the April consumer and producer price indexes (8:49), Jeff Mayberry and Samuel Lau examine the bloodbath in the algorithmic stablecoin pair TerraUSD-LUNA (14:15), then ponder the unknowns of other stablecoins, including Tether and USD Coin, (16:30) and the risks to the broader financial system (26:43). Among other issues, they note that while Tether and USD Coin claim to be backed by cash reserves and cash equivalent to ensure their parity to the U.S. dollar, those assets are opaque to investors. For the week of May 16-20, (33:10) Jeff and Sam will be on watch Tuesday for retail sales and Thursday for the monthly release of the Leading Economic Indicators.
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