Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Fascinating stuff.

It's interesting, I recall some early discussions where we were trying to work out some of the actual mechanisms involved in the bubble and ensuing crisis overall. A key point that came up was the question of measures of money supply and just how much money was in the system. We concluded (to no great purpose at the time) that some of the transactions must have been dedicated to getting around capital adequacy ratio directives... we could see symptoms, but couldn't see the mechanisms...

by Metatone (metatone [a|t] gmail (dot) com) on Wed Mar 17th, 2010 at 12:51:43 PM EST

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