Harley Schlanger Daily Update: Insanity of the Speculative System on Display: The Archegos Story
Nervous traders watch Federal Reserve Chair Jerome Powell, as yet another hedge fund threatens to unleash huge losses, due to a bet gone bad. The unravelling of speculative positions held by Archegos, triggered over $6 billion in losses, hitting major banks which were lenders to the firm. Will the Fed keep interest rates low, to […]










