What Magnificent (For Some) Complications

By |2014-10-24T16:00:30-04:00October 24th, 2014|Bonds, Commodities, Currencies, Federal Reserve/Monetary Policy, Markets, Stocks|

In July 2014, just as the dollar was beginning to tighten with what seems like an overly sensitive trigger, the US Treasury Dept’s Office of Financial Research published a paper by Zoltan Pozsar that attempted to map out the financial system as it actually exists (hat tip to W Kraus for sending it to me). The 67 pages of commentary [...]