SCHO - Federal Funds Is Not Falling With The Rest Of Them

It's difficult a lot of times to easily and succinctly describe what's going on inside a monetary system that: 1. Spans the entire world, easily jumping across if not erasing geographical boundaries. 2. Is located in the shadows, leaving us with no direct data or statistics. 3. Often works in a dizzying array of complexities. I have to believe that even a competent and talented writer would have a lot of trouble with this eurodollar thing.

The short version is really just this: funding markets are increasingly afraid of something. In looking around and

Read more ...