Shhh! We Can’t Talk About the Dollar’s Flash Crash on Wednesday

By Pam Martens: March 20, 2015

One would think we had asked for missile launch codes when we reached out to the futures exchanges to find out what caused the precipitous plunge in the U.S. Dollar’s futures contract at 4:04 P.M. Wednesday afternoon – long after the Federal Reserve’s market moving news had been digested by traders.

If currencies are now the new weapons of mass destruction – maybe we were asking for the equivalent of missile launch codes.