Sunday Gold Fix – The Basics of Leasing
The most common question I receive about gold relates to the means through which an increase in leasing/lending activity is negative for gold prices. It appears that the mechanism by which this is...
View ArticleMore Clarity On Derivatives
Risk evaluation, at the systemic level, for derivatives in banking is focused on credit risk as the primary measure. As I laid out last week, that is the wrong approach since defaults in derivatives...
View ArticleLiquidity Discrepancies Are Not A Particularly Welcome Signal
My colleague Joe Calhoun noted that the Wall Street Journal has documented further anecdotes about the credit market illiquidity this week. Corporate-bond investors have struggled this week to find...
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