Perhaps the best thing Laborites could hope for is that a huge defeat would finally clear the decks on Labor leadership and allow for Corbyn to exit into the dustbin of history. https://t.co/6VMWTRHag8
After more than 750 cuts since 2008, shock & awe era for CenBanks is over: More than 10yrs of crisis fighting, incl this year’s rush to support global growth, have left polmakers in key econs facing new decade w/few good options to fight the next downturn. https://t.co/rbRw9LJUYT
BIS on repo blow up: "the stress may have been amplified in part by hysteresis effects brought about by a long period of abundant reserves, owing to the Federal Reserve's large-scale asset purchases."
So BIS is saying financial system can never normalize again