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Silver Market In Disarray After Benchmark Price Fix Manipulation

Silver Market In Disarray After Benchmark Price Fix Manipulation The LBMA Silver Price – the crucial daily benchmark used by producers and traders around the world to settle silver products and derivatives contracts – was set at $13.58 per ounce. At the time of the auction, which begins at 12 noon London time, the spot […]

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The Big Short is a Great Movie, But…

The Big Short is a Great Movie, But…   Paris — Michael Lewis is the chronicler of Wall Street.  He takes the complexity behind which the inhabitants of the financial world hide and weaves a tale that is both understandable and compelling.  Starting with the classic “Liars Poker” (1989), Lewis has produced a number of books about […]

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The Eurozone Sovereign Debt Crisis and a Potential OTC Interest Rate Derivatives Crisis

THE EUROZONE SOVEREIGN DEBT CRISIS AND A POTENTIAL OTC INTEREST RATE DERIVATIVES CRISIS Summary After considering the alternative scenarios of Grexit, debt renegotiation, transferring of debt, a deflationary spiral and so on, it is concluded that this will either result (ceteris paribus) in an increase in sovereign debt yields or a decrease in the volume […]

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The Irony Of Market Manipulation

The Irony Of Market Manipulation Having gazed ominously at the extreme monetary policy smoke-and-mirrors intervention in bond markets, and previously explained that “the stock market is to important to leave to the vagaries of an actual market.“ While the rest of the world’s central banks’ direct (BoJ) and indirect (Fed, ECB) manipulation of equity markets, nobody bats an eyelid; but […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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