“The functioning of major government bond markets has been impaired”.
Day: March 18, 2020
ECB Launches New €750 Billion ‘Pandemic Emergency Purchase Program’. Says ‘Won’t Tolerate’ Virus Anymore
“The Governing Council will do everything necessary.”
‘A Massive Margin Call On The Whole Financial Asset Rally Since 2010’
“The moves smack of massive de-leveraging and a run into dollar cash”.
Bernanke, Yellen, Ackman Sound Alarm. Some Now See Virus As Existential Threat
We are, to put it bluntly, at a tipping point.
‘When Risk Parity Goes Wrong’ And The Coming ‘New World Order’
“I believe that investors are realizing that, in fact, this dual ‘Left Tail’ is now clearly about to dictate a ‘new world order'”.
As Crisis Swap Lines Tapped, Zoltan Pozsar Says ‘The New Shadow Banking System’ Needs A Backstop
“Carry makes the world go round and central banks will have to backstop the shadow banking system – yet again.”
It’s All Down But The Dollar.
And yet, there’s one thing that’s up…
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