RE:Correction was short lived as Basel3 looms..Brilliant article by Alasdair ! It's a lot to digest, but well worth the effort !
It sure beats the heck out of an article ZH posted yesterday (which is no longer posted), in which the author pretty much bemoaned the tragedy which Basel III was about to inflict upon the poor, much needed un-allocated PM participants.
Today, in lock step with Alasdair's timing, his fellow Brit warrior for honesty in the PM markets, wholesale trader Andrew Maguire, adds to the relevance of the impending Base III.
https://www.youtube.com/watch?v=QHpjAe4ACtQ