Storm warning: almost a trillion in global reserves gone, a quarter 'missing' from Swiss.
Eurodollar University - En podcast av Jeff Snider
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The storm warnings are up in Florida, and have been up across the monetary system for some time. Massive and unprecedented curve inversions point to some as-yet unidentified economic and financial hurricane. Conducting a survey of global foreign currency reserves, there's already been huge destruction closing in on a trillion. And if what curves are pricing is accurate, worse to come, what does that look like when a trillion dollars destroyed is the prelude?
