Extended free summary excerpt The massive $50 billion Treasury bill paydown that the dealers and other holders received on April 16, augmented by a much…
Despite all of its best hopes, Wall Street will never escape what’s happening in the Eurozone. The 1 trillion euro ($1.3 trillion) slush fund created to keep the chaos at bay is not big enough. And it never was.
If we understand risk cannot be eliminated, it can only be transferred, then we will understand why the current financial trickery in Europe and elsewhere is doomed to fail.
The entire global economy’s fundamental financial instability can be trace…
