Is there a plain english version handy?
It’s the bi-blog, trying to sound hip as always.
If the average amount of weekly outflows is x billion, then the chances that outflows of this amount are so rare, that you would have to go 500 million weeks for this to happen.
Six degrees of Standard deviations is one of those things that should be the cause for pause.
You are not alone, bayliving.
I have no understanding of what this means, either.
Someone thinks it is significant, but without some knowledge of the bond markets, which I do not really have, it is hard to evaluate his opinion.
Is there a plain-English version? Fat chance!
If you noticed it was originally published nearly two-months ago and the scenario is only now becoming obvious, what with the DOW falling.
I paid off my house, sold the Cadillac, have no loans at all - still, I do not feel comfortable. It is stuff like this which really gives me the willies!
What I think it means is an economic free-fall.