Banks

0 0 votes
Article Rating

2 responses to “Banks”

  1. While this is evidence of the markets and the Dollar going nuts the reality is that the majority of people are unaware of this drama and thus their faith in the Dollar remains. And that faith is strong enough to keep the Dollar floating and functional. Until some event comes along to burst that bubble of blind faith. Then all hell breaks loose.

  2. The issue isn’t the amount, it was the overnight interest rate. It hit 10% which meant there was no trust in the system.

    There’s plenty of dollars to loan right now. We’re in trouble when no one trusts anyone to pay back an overnight loan.

Leave a Reply to Nopie Cancel reply

Your email address will not be published. Required fields are marked *

2
0
Would love your thoughts, please comment.x