Monday 17th March: Black monday?

[Moscow Mule]

Large amounts of liquidity made available - plus large rate cuts in the states. What more do you want?

I think that the relevant authorities have been to lax in policing the instruments that have caused (and will cause more) liquidity issues in the market.

These measures (liquidity increased/ rate cuts) have more than a slight resemblance to an elastoplast on a severed artery. Unfortunately, I think that's all the central banks may be ABLE to do...

[BrilloPad]

I think that the relevant authorities have been to lax in policing the instruments that have caused (and will cause more) liquidity issues in the market.

I agree.

markets generally work best in the abscence of intervention. what has been an issue is the quality of information available - particularly in how these instruments should be rated. It does not sound like an open market to me.

I also think that the SFA has been more interested in "box ticking" than taking a pragmatic approach. In particular it is clear that some scenarios have not been stress tested (Money Markets drying up).

Though the boys at GS saw it coming. Hats off to them.

[Moscow Mule]

Though the boys at GS saw it coming. Hats off to them.

Good modeling is worth it's weight in gold...

[BrilloPad]

Good modeling is worth it's weight in gold...

And even better they carried on facilitating deals while being bears in the market!

[ratewhore]

Maybe this is what the world needs, let things be reset and strat from scratch.

Nice thought, but bear in mind, while the pikey idiots out there who took on more than they should will be defaulting on their mortgages and loans, the rest of us will still have to pay off what we owe while the system breaks down around us.

Not exactly 'starting from scratch' is it?