Currencies

The Problem Revealed—–Wholesale Banking Keeps Shrinking

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Swap Spreads Implicate Huge ‘Dollar’ Divergence

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Shrinking US Trade Volume Means Global Recession Heading To These Shores

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Goodnight Janet; Credit Follows The ‘Dollar’ Now

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Toward Another Try at Liquidation?

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Fed’s New Slogan: We Have Met The Enemy And He Is Us

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Wholesale Money Markets Are Still Deteriorating——Ignore Swap Spreads At Your Own Peril

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The Junk Bomb Is Ticking—–Prices Of $3.5 Trillion Of High Yield Debt And ClOs Issued Since 2012 Keep Weakening

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Not Discrete Economic Messes, But Ongoing Global Financial Violence

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ECB Slashes Inflation Forecast——-Implies Massive QE Has Been A Dud

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