I think you are quite accurate in everything you say. I worked on an FX LP desk for nearly a decade. A happy place to be in times of turmoil. The more turmoil,

I think you are quite accurate in everything you say. I worked on an FX LP desk for nearly a decade. A happy place to be in times of turmoil. The more turmoil, the wider the spread, the more money we made. The mini gilt crisis made millions for my mates in fixed income. Confidence collapse is brilliant when you know others don't understand the markets. You sense the fantasy