“Misrepresentation is systemic.”
Counterparties are losing confidence, withdraw cash.
Everyone is denying everything.
Investors are not amused.
Pushing to control a larger slice of the EU’s financial pie.
My interview on “Stocks and Jocks.”
But the Fed is steadfastly blind to bubbles & their consequences.
When will the Home Price Bubble blow up?
Erode that confidence, and you have a crisis on your hands.
Cross Asset Contagion & High Volatility in Manipulated Markets.