As I said last October, all the money in the world can be poured into the banks, and it won't matter.
Here's a nice little article on the burndown of the CDO "market". We all like to pretend that there are markets, don't we? Otherwise, how can they be free?
We watch them, we watch us, Suckers of the Western World, losing all our cargo to magic. Magic. Magic.
Links (7/23/18) - Why Was the 20th Century Not a Chinese Century? - Brad DeLong Improving Labor Market for Workers with the Least Schooling - macroblog Artificial Intelligen...
32 minutes ago