salomon brothers

BOND ROUT!!!! (Now With Additional Exclamations)

By |2018-03-12T17:50:13+00:00March 12th, 2018|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Ten years ago today, one of Carlyle Group’s mortgage funds, Carlyle Capital Corp (CCC), was seized by creditors. Precipitated by dwindling liquidity, the fund’s effective insolvency would amplify those global “dollar” pressures and lead to Bear Stearns’ untimely demise mere days later. The fund’s corporate parent issued a statement on March 6, 2008, that read: [...]

Why It’s The ‘Money’ Stupid

By |2015-09-11T18:04:52+00:00September 11th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

When grounded in the framework of traditional banking, wholesale dynamics can be quite confusing to the point of being impenetrable. Nowhere is that more the case than the wholesale ideas of currency and what counts for establishing chains of traded liabilities. In the traditional banking/monetary framework, everything is reducible to money; all else are just [...]