Year: 2016

Financial Markets
Chris MacIntosh

Collateral Damage in the Eurodollar Market

This article is a follow on from two previous articles discussing the eurodollar system. Part one can be found here, and the following one here. Today we cover what I believe to be the critical component as to why the eurodollar system isn’t functioning correctly, and why what central banks have been doing with

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World Out Of Whack: Why We Bought A Bankrupt Mongolian Miner

Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity.

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Eurodollar Market
Financial Markets
Chris MacIntosh

The Euro Market Is Not Working!

Today we discuss the largest wholesale funding market in the world, the eurodollar market, and how its “normal” form of functioning has dramatically changed, causing all manner of problems in the global economy.  In last week’s post we discussed shadow banking at its finest: the eurodollar market. It was the precursor

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World Out Of Whack: Time To Buy The Mexican Crash?

Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity.

Read More »