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Tag Archives: mind reels

FT.com / In depth - Panic grips credit markets

Barometers of financial stress hit record peaks across the world. Yields on short-term US Treasuries hit their lowest level since the London Blitz, while gold had its biggest one-day gain ever in dollar terms. Lending between banks, in effect, stopped.”

Low Truths

“Chekhov plays Jacob to Gorky’s Esau, but he requires no fur on his arms to gain the patriarch’s blessing”