Financial markets

After the LIBOR scandal, are we witnessing the ISDAfix scandal? This time it’s not about interbank lending rates, but rather about interest rates for swaps.

When the Dow Jones hit 14,000 pts, it reached its historic record of 2007. A remarkable comeback after its low of 6,500 pts of 2009. So, then, the crisis is over?

Egon von Greyerz told that when it comes to markets, “... nothing is real.” He also believes we are seeing a sucker’s rally in stocks.

Greece will certainly default, but no one can anticipate the size of the chain-reaction financial catastrophy that will be brought about by the CDSs