Tag Archives: Economics

The last time I lent out EUR18 billion….

This whole Cyprus situation is crazy for more than the obvious reasons, it reminds me of the last time I lent out EUR18 billion. In 2007 I was a repo trader at a large “overleveraged” US bank. One of my … Continue reading

Posted in Bank runs, Banking | Tagged , , , , | Leave a comment

Euro Zone Needs Credible Bank Run Insurance

The financial markets are in crisis mode once again. The flight-to-quality is in full effect with safe haven assets in high demand; gold is breaking new highs every day while US and UK government bonds are falling to record lows. … Continue reading

Posted in Bailout, Banking, Bonds, Debt, ECB, Economics, Euro Zone, European banks, European Central Bank, France, Germany, Merkel, Recession, Sarkozy, US | Tagged , , , , , , , , , , , , | Leave a comment