I doubt there will be an official report created and published surrounding the events of May 29. Unlike those on October 15, 2014, which did trigger a Treasury Department alphabet-soup-of-partners response, it wasn’t crashy enough this time around. The UST market experienced a true panic more than three and a half years ago, though one of buying rather than selling. [...]
The current state of geological science cannot predict an earthquake. There is hope, however, that warnings might be realistically developed so that populations in danger of the “big one” can be given some sort of reasonable information about probabilities. In studying the past few devastating quakes, such as the 2011 9.0 that hit Japan twice (once in the shaking, then [...]
The economy was sailing along into its Hollywood sunset in 2014 before it was rudely interrupted by the “rising dollar.” At first, the mainstream narrative was that a higher dollar exchange was a good thing, an indication that global markets were embracing the economic revival; or, if you didn’t quite want to get that optimistic, it at least signaled the [...]
Last July, the US Treasury Department finally issued its official report detailing its account of what happened on October 15, 2014. The statement was co-authored by staff at the Board of Governors of the Federal Reserve System, FRBNY, the SEC, and CFTC, as if the government were going overboard trying to prove its word the end of the matter. As [...]
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