So US equity trading volumes are now at four-year lows. Or five-year lows. Whatever, they’re low, but it’s also August.
Something to keep in mind as the global risk asset rally — which appears driven by some combination of better-than-expected-but-not-that-awesome US macro data and… talking from European policymakers — continues. Read more


1Alphachat: Lee Buchheit edition, featuring Lee Buchheit
2Further reading
3"This is Lake Wobegone upside-down"
4The risk of a Japanese VaR shock
5Re-setting ENRC (updated)
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