Tag Archives: CDS

News that Moves: Jim Sinclair on Geithner, The Fallacy of US$ Strength, Trouble for the British Pound, CDSs on US Treas. Debt

Jim Sinclair: On Geithner… During testimony on his nomination, when Secretary of the Treasury Geithner was asked about errors made in the Great Depression, he replied: There were two:1. Monetary stimulation ended too soon.2. Heed was not taken of the dollar foreign exchange position. Think hard on the implications of both these points. The dollar rose into the Great Depression, […]