from King World News
Many people around the world are trying to figure out what is really happening. Forget the propaganda and look at this carnage.
Look At This Carnage
May 19 (King World News) – Jeff Snider at Alhambra Partners: People quite often want to know what I have against the Fed’s swaps. To begin with, they are sourced by bank reserves. My co-host partner Emil Kalinowski likes to say these latter are the equivalent of laundromat tokens, an analogy I can at least get behind. They are monetary in appearance but of (extremely) limited use.