Cash is normally a predictable, even boring market, making it a safe bet under normal conditions. Photo: Xinhua
Kerry Craig
Opinion

Opinion

Macroscope by Kerry Craig

Sudden shift in the normally calm US cash markets doesn’t signal a new credit crunch

  • The recent ‘pipe blockage’ in the US financial system caused fears of a bigger problem with the Fed’s balance sheet. But, sometimes supply and demand don’t match and, on this occasion, the mismatch was simply greater than expected and was fixed

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Cash is normally a predictable, even boring market, making it a safe bet under normal conditions. Photo: Xinhua
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