Trapped!
Kill authentic price discovery, you also kill markets, and in killing markets, you kill allocation of capital and risk management, and in killing those, you kill the economy…
Continue readingbroken markets
LIBOR Shift Will Crash The OTC Derivatives Market?
Think the OTC derivatives market will be allowed to fail without more bailouts and rules changes by the Fed, US Treasury and big banks?
Continue readingOur Wile E. Coyote Economy: Nothing But Financial Engineering
Ours is a Wile E. Coyote economy, and now we’re hanging in mid-air, realizing there is nothing solid beneath our feet…
Continue reading