Alastair Crooke today on Judge Nap said that the Sec Treasury got in his plane and went to Mar A Lago to tell Trump that he had to back off sanctions because of the imminent meltdown of some complex market that I forget the name of which is about a trillion dollars in market cap and highly leveraged, and the global economy cant withstand that size of a hit.
The credit default swap market is closer to $800 trillion.
The credit default swap market is closer to $800 trillion.