“In 2020, I Smell A Rat”

“In 2020, I Smell A Rat”

There have probably never been as many characteristics of a top as we are experiencing today… It is clear that it would have been a very hard sell a year ago that every single risk-on asset class from equities, to corporate bonds, to commodities would end up...
LIBOR Dismantling Triggering Banking Liquidity Crisis

LIBOR Dismantling Triggering Banking Liquidity Crisis

The London Interbank Offered Rate, or LIBOR for short, is scheduled to be phased out at the end of 2021. Despite this major development that’s occurring in just over two years, LIBOR rates still serve as benchmarks for trillions of dollars in securities across the...