The credit cycle has turned. The world is in a deleveraging phase. But central banks are still trying to reverse the process and provide more credit to households and businesses? They really only have one play in the playbook.
December 1st, 2011 | Greg Canavan | 0 comments | ContinuedAll Posts Tagged With: "U.S. Federal Reserve"
Shadow Banking System: A Murky World of Credit, Securitisation and Derivatives
Most of these are interest rate and credit derivatives. As we learned in the last two years, the big risk here is to institutions which owe and own these obligations amongst one another. In our view, the degree of interconnectedness among these obligations (they still aren’t unwound) still makes the entire global financial system vulnerable…
March 10th, 2010 | Dan Denning | 14 comments | Continued
