https://uk.reuters.com/article/uk-cenbank-policy/central-bankers-seek-new-role-in-brave-new-world-idUKKBN27Q1M2 Just as we were putting together our thoughts for this month’s update, we came across the above linked article which is such a good example of the misunderstanding of fragility, our chosen topic for the month. It is a Reuters article, but we might classify it as a “Not the Onion” or “Not the Bee” type article. The opening line reads: “Taking a break from fighting the coronavirus crisis, the world’s top central bankers will attempt to resolve the existential questions of their profession this week as they tune into the European Central Bank’s annual policy symposium.” We are … Continue reading Risk Update: October 2020 – One big LTCM.