In the hours before climbers were permanently barred from Uluru, the world-famous red sandstone monolith that rises from the heart of Australia, the line to ascend it snaked for hundreds of feet — past a sign posted by its aboriginal owners noting that the site is sacred, and requesting that visitors refrain from climbing it. The last-minute trekkers weren’t alone ...

There’s been some chatter in markets that the rebound in equities in October and a re-steepening of the Treasury market’s yield curve are signs that investors believe the global economic outlook is looking up – or at least not getting any worse. As indicators go, those are fine, but perhaps the most telling may be the dollar. The Bloomberg Dollar ...

People have a love-hate relationship with the futures markets. Futures are either financial drivers of rapid economic growth, turbocharging small amounts of capital to outflank entrenched barriers to innovation, or — to a populist — they are demonic pits where speculators manipulate prices and corrupt honest real economic activity. Since people also love or hate cryptocurrency, the rise of Bitcoin ...