Did the Fed make one of the biggest emergency rate cuts ever because of one rogue French trader?

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Soc Gen

Sources: New York Times via Bloomberg

2 thoughts on “Did the Fed make one of the biggest emergency rate cuts ever because of one rogue French trader?

  1. Niall O'Connor said:

    Considering that the sell off had already begun in the overnight Asian markets, this theory does not hold much water; not least, when one considers that most of these guys positions were in the French and German markets.

    Market volatility may indeed have forced the decision, but it was always on the cards.

  2. Niall O'Connor said:

    Considering that the sell off had already begun in the overnight Asian markets, this theory does not hold much water; not least, when one considers that most of these guys positions were in the French and German markets.

    Market volatility may indeed have forced the decision, but it was always on the cards.

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