Quote:zerohedge.com reports: We confirmed interbank liquidity in Europe was at an all time low earlier today, and can only assume the same is true for US banks. But what is very disturbing is that this is just as true at the exchange level, where it appears the aftermath of the MF collapse is just now being felt. What exactly was the announcement. Unless we are completely reading it incorrectly, it is nothing short of a margin call for tens if not hundreds of billions worth of product.
History repeats, buying on margin can be very risky. Seems these speculators have neglected to consider the risk they are / were taking. Margin calls were what made the house of cards fall in 1929, I have no doubt a similar situation is about to repeat itself.
IMO, economic doom ON!