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What The Sudden Spike In The TED-Spread Really Means
Historically, blowing out short-term funding rates, whether measured by the TED Spread (the difference between LIBOR and 3 month TSYs), or the 3 month FRA-OIS spread, have been an indicator of funding...
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China Regulator Tells Banks To Evergreen Loans Of Troubled Companies
From yesterday: CHINA ASKS BANKS NOT TO SUSPEND, CALL IN LOANS TO COS.: DAILY. The Chinese bankruptcy cycle is officially on hold — zerohedge (@zerohedge) August 3, 2016 And now the follow up by...
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Currency Wars Escalate As Fed Treasuries In Custody Tumble To 2012 Lows
While the market’s attention has recently focused on what is taking place in the world of unsecured funding, where Libor has been blowing out to 6 year highs, pushing the benchmark to the highest level...
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The Fallacy Of Central Planning (Exposed By South Park’s Underpants Gnomes)
Submitted by Jeffrey Snider via Alhambra Investment Partners, In the seventeenth episode of the second season of the Comedy Central cartoon South Park, the show introduces one of its longest lasting...
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While The World Watches US Presidential Elections
By Chris at www.CapitalistExploits.at Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s...
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Lacy Hunt On The Unintended Consequences Of Federal Reserve Policies
Authored by Mike Shedlock via www.themaven.net/mishtalk, The Financial Repression Authority interviewed Lacy Hunt, Chief Economist at Hoisington Management on Fed policies. The interview below first...
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