May 29: One Year Later, No Longer Risks

By |2019-05-29T16:06:51-04:00May 29th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

One year ago today, something huge broke inside the global monetary system. Exactly what, we may never know. I believe it was something to do with collateral and securities lending, the kinds of things that brought AIG to its knees in what doesn’t seem like all that long ago. In a rush, over several days, [...]