Tag Archives: bank of england

Who Else Bought BlackRock’s LDI Swindle Products?

The recent collapse of the United Kingdom (UK) gilt market’s long maturities, which required Bank of England (BOE) purchases of tens of billions of pounds of long gilts to stem a Lehman moment, shined a spotlight on something called liability driven investing (LDI). Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , | 24 Comments

The Great Money Caper

Several weeks ago we alerted you to the burgeoning currency wars and the new age of desperation.  If you recall, nations, in unison, are attempting to export their way to prosperity by killing their currencies.  Unfortunately, if everyone’s doing it, … Continue reading

Posted in MN Gordon, Politics | Tagged , , , , , , , , , , | 2 Comments