Category Credit crisis

Europe on brink of currency crisis meltdown

From the Telegraph (UK) “This is the biggest currency crisis the world has ever seen,” said Neil Mellor, a strategist at Bank of New York Mellon. The latest data from the Bank for International Settlements shows that Western European banks…

Unsettling anomalies in the markets

(That’s the Department of Treasury seal on the boat.) Weird scenes inside the gold mine today, both in treasuries and in the stock market Treasury securities at “historic levels of fail” Work with me here. This is not intuitively obvious.…