A very risky bond deal with a huge yield.
Santander, top subprime auto lender, verified income on only 8% of loans: Moody’s
Up 7,000% in two months, then it crashes.
After surging for years, quant hedge funds – where trading is done by machines, not humans – now dominate stock trading.
Up 10,000% in 16 months? These charts truly depict our crazy times.
Oh, and the unintended consequences of trying to regulate a monster.
Spain’s 6th largest bank: “We have liquidity until the end of the year.”
Regular prudent savers and government guarantees to the fore.
No one knows the full magnitude, but it’s huge.
In fact, it’s not “inexplicable” at all.