With unprecedented volatility in the financial markets that’s been brought on by the international spread of coronavirus, and the economic backlash associated with it, is potential systemic risk to the global financial system lurking ‘out there’ in an obscure and often little understood investing vehicle (even for its buyers)… DERIVATIVES! Back in 2015, then reposted […]
Do you remember where you were on September 15, 2008, the day that Lehman failed unleashing the unintended consequences of a global financial crisis that began to foment and then snowball? Consequential events may not always appear to be so, and as Lehman Brothers was allowed to go under most of us may not have […]
Janet Yellen discussed Fed policy and interest rates yesterday and, with the removal of the word ‘Patient’ from the current Open Market Committee statement, financial markets roared! Of course when it comes to Fed-speak the removal of one word, in this case ‘patient’, reminds one of another quite famous parsing of words when the phrase […]
