Reply #10: It is unforgivable that the magnitude of leveraged positions [View All]

[Ghost Dog]

extant and those that still need to be liquidated are unknowns. This degree of lack of transparency towering over not only markets but over entire local, regional and global economies must be rapidly rectified.

Meanwhile, and in any case, it is, I think, worth repeating the last paragraph in the piece linked above:

Although we’re really talking to ourselves more than not, it’s a time to remain calm, unemotional, flexible and focused on bigger picture messages of the financial markets. Daily volatility has been quite extreme as of late. Markets are reacting violently to sound bites and make it up as we go along monetary and fiscal policy really globally. The credit markets are a massive key as to ultimate financial market reconciliation and real world economic outcomes. We necessarily need to monitor credit market character closely. Uncertainty and fear abound. We simply hope that staying focused on the proper longer-term time frames can help not only necessary ongoing risk management activities, but also help keep emotionalism at bay in decision making to the greatest extent possible. All part of trying to keep our heads together in the bigger picture.

(With apologies for any excesses on my part that shouldn't have gone online last week).