Likewise, there was an article the other day in the New York Times stating that major U.S. funds were valuing their holdings of Russian paper pretty much by pulling numbers out of the air and were totally at odds with one another. So, where's the "magic of the marketplace" now? The Invisible Hand seems to be twiddling its thumb. I don't see how these enormous dislocations can be occurring simultaneously in widely scattered global financial markets without something yet more sinister -- read: Depression -- occurring soon.
Your serve, MBS.
Carl Remick