//youtu.be/ag14Ao_xO4c   Has Yellen seen the movie Margin Call, I wonder? In it, Jeremy Iron’s classic Wall Street boss (John Tuld) referred to 3 ways of making a living: be first, be smarter, or cheat. Of course in financial markets these are not mutually exclusive options where Governments habitually use their central banks to operate … Continue reading “It sure is a hell of a lot easier just being first” (John Tuld – Margin Call)