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Federal Funds Is Not Falling With The Rest of Them
It’s difficult a lot of times to easily and succinctly describe what’s going on inside a monetary system that; 1. Spans the entire world, easily jumping across if not erasing geographical boundaries; 2. Is located in the shadows, leaving us with no direct data or statistics; 3. Often works in a dizzying array of complexities. I have to believe that even a competent and talented writer would have a lot of trouble with this eurodollar thing. The short version is really just this: funding markets are increasingly afraid of something. In looking around and surveying the landscape, I have to believe this something is ... (full story)