Before we start with some commentary around the IMF downgrade to Australian GDP last week, let’s deal with something equally as meaningful to investors. In our last note, we tried to explain the US fed’s solution to a frozen short term lending market, to send fresh money, out of thin air, into said market. And […]

Well, for those waiting for a “tell” of stress in monetary plumbing issues, there is nothing like a blink by major banks. Like “primary dealers” not wanting to fund each other’s short term needs. This actually happened last week and continues through this week, so far. It’s a difficult story to simplify so please excuse […]