Tag: economy
BIS warns of $80 trillion of hidden FX swap debt | Reuters
Didn’t even know this was a thing. The $80 trillion-plus “hidden” debt estimate exceeds the stocks of dollar Treasury bills, repo and commercial paper combined, the BIS said, while the churn of deals was almost $5 trillion per day in April, two thirds of daily global FX turnover. Source: BIS warns of $80 trillion of… Read More BIS warns of $80 trillion of hidden FX swap debt | Reuters
World News: April 7, 2016
So, there’s this cheery little quote I ran across today: “Iraq remains the center of what Jordanian King Abdullah now refers to as the Third World War.” Source: World War Three may have already begun in Iraq and Syria Let’s hope he’s wrong. In other news mid-east news, the House of Saud has become the number three… Read More World News: April 7, 2016
QuantumTom 