Pound Flash Crashes 500 Pips to Record Low Amid Global FX Carnage

“And since there is nothing at all to contain the now exponential move in the USD, now that the entire world is facing one massive, $20 trillion short squeeze in USD-denominated debt…”


Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

Leave a Reply

%d bloggers like this: