Recent Posts

$2.3bn in losses highlights crypto’s moral hazard

It’s time the cryptocurrency community got its act together. In this relatively new industry, hacks and frauds have been greeted with a shrug and largely dismissed as part of the process of building a superior financial system. True believers are convinced that Bitcoin and its siblings will overthrow fiat currencies and the existing structures to which they’re attached. At their ...

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What to expect from Fed and ECB this week

The meetings of the Federal Reserve and the European Central Bank (ECB) this week are likely to show that these systemically important institutions continue to gradually move away from the policy approach they adopted to contain the trauma of the global financial crisis from 2010 to 2017. Yet the two institutions are making this shift at different speeds, and that ...

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US stocks mixed as traders look past North Korea news

Bloomberg The meeting between President Donald Trump and Kim Jong-un was met with a collective shrug by global markets, which appear to be more fixated on a host of macro events and data due in a few days. The S&P 500 Index rose slightly early on Tuesday, while the Dow Jones Industrial Average slipped and yields on 10-year Treasuries pushed ...

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