This note has been rushed out due to events in the LME and nickel today. Please listen to the video for views and opinions on nickel and LME, and where I think clearinghouse problems will come next.
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CLEARINGHOUSES: HOW DID EINER AAS GO BANKRUPT? (COMMENTS ON LME AND NICKEL)
Einer Aas illustrates the risks of a bifurcated market
Clearinghouses
Issues with clearinghouses
Issues with clearinghousesAuthors
Russell Clark