52.1 Fedwire Breaks: Anomaly or Trigger?Fedwire, the interbank system that transmits billions between 9,000-plus members, broke on Wednesday. The Fed says, “operational error” implying mere technical trivia – an anomaly. Why do some breaks stay mere anomalies while others trigger volatile, systemic consequences? [Emil’s Summary] The theme of Making Sense Episode 52 is how an environment reacts to an anomaly. … Continue reading Eurodollar University’s Making Sense; Episode 52; Part 1: Not All Operational Errors Are The Same