Back in May, we first reported that Goldman became the first bank to dare to ask if the Fed has lost control of the market, if in slightly more polite terms of course. This is how Jan Hatzius phrased it: "Despite two rate hikes and indications of impending balance sheet runoff, financial conditions have continued to loosen in recent months.
Authored by Jeffrey Tucker via The Foundation of Economic Education,
By Chris at www.CapitalistExploits.at
Have you ever asked yourself what happens when you place a trade?
I hadn't given it much thought until about 10 years ago when something happened which opened my eyes to a single company that holds what is probably the most concentrated risk position in the US market.
Here's what happened...
Authored by 720Global's Michael Lebowitz via RealInvestmentAdvice.com,
Despite all the risk/margin worries, and volatility fearmongering, and fraud allegations, Bloomberg reports that, according to a person familiar, Goldman Sachs plans to clear bitcoin futures contracts when they go live next week.
“Given that this is a new product, as expected we are evaluating the specifications and risk attributes for the bitcoin futures contracts as part of our standard due diligence process,” Tiffany Galvin, a
spokeswoman for the bank, said in an emailed statement.