The Dodd–Frank financial reform is killing the single name corporate CDS market. Liquidity in this market is drying up quickly. This is due mostly to dealers’ inability to take positions when they make markets (Volcker Rule) and a cumbersome clearing…
The CME has reduced margins on a variety of instruments, including crude oil and gold futures. http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv12-221.pdf
Starting to dawn that European unity is hosed?
Brinksmanship – the bets that time will run out and someone will screw up……..
No room for error on raising the debt ceiling. The Greek restructuring. Italy rates will rise. Etc.
When the economy won’t do what Bernanke wants, he just rigs the stock market. Is it a coincidence that on the eve of the final…
keep saying silver is not for the faint hearted. But even by silver’s standards this past fortnight has been…
CME just announced another round of margarine hikes on gasoline and crack head spreads. TTL after the close tomorrow.
Initial increases were effective after the close yesterday and we saw what happened.
The CME announced an increase in the margins on crude oil after the close on Monday. The crude markets are 12 times the size of…