Shifting The Tone In Financial Markets

By: Francis Cianfrocca (Diary)  |  October 15th at 07:41 AM  | 

I’ll go out on a ledge and say that the financial world has taken a step back from the ledge. A semblance of non-insanity has been apparent in capital and bond markets this week. Now that governments across the world have made credible commitments to prevent financial meltdown (defined broadly as chains of insolvencies among tightly-interconnected counterparties), the violent panic attacks of last week have | Read More »