“It is one of those cases where the art of the reasoner should be used rather for the sifting of details than for the acquiring of fresh evidence.” The Memoirs of Sherlock Holmes: Silver Blaze
Sherlock Holmes solved the Silver Blaze case by observing “the significance of the silence of the dog” which indicated the horse (Silver Blaze) had been abducted by someone known around the stables.
Year-end had a similar ‘dog that didn’t bark’ incident in repo. Unlike June and September 2022, the year-end came and went with almost no disturbance in repo or in settlement failures in Treasury market. What can it mean?
Unlike Sherlock Holmes, I’m afraid for now “it is one of those cases where the art of the reasoner should be used rather for … the acquiring of fresh evidence”.
