The Great Eurodollar Famine: The Pendulum of Money Creation Combined With Intermediation

By |2021-10-11T19:37:50-04:00October 11th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It was one of those signals which mattered more than the seemingly trivial details surrounding the affair. The name MF Global doesn’t mean very much these days, but for a time in late 2011 it came to represent outright fear. Some were even declaring it the next “Lehman.” While the “bank” did eventually fail, and the implications of it came [...]