ECB as Pawnbroker of Last Resort (POLR)
First we had the ‘credit crunch’. Now some warn what Europe might in fact be experiencing is better described as a ‘collateral crunch’.Ever since banks...
Repo curve inversion?
We’re not sure how significant this is, but the US repo curve appears to have inverted.Looking at the historical data it seems not for the first time in the last year either....
