CRYPTO: Has the Fire Gone Out?
In The Wall Street Journal, Peter Santilli and Corrie Driebusch write that "Last year cryptocurrencies were on fire and appeared to gain more legitimacy...
STABLECOIN DEATH SPIRAL? TerraUSD Becomes Terra0.5USD Overnight
A selloff is currently hitting cryptocurrencies, and one, in particular, is beginning to look like an emperor with no clothes.
TerraUSD, a so-called "stablecoin," because...
What’s Pushing Down the Yen?
In the Financial Times, Zach Pandl examines recent yen depreciation, writing:
The yen has been the worst performing major currency this year, sliding around 12...
The Dangers of a Federal Reserve Digital Currency
At the Cato Institute, Norbert Michel explains how central bank digital currencies (CBDCs) are about control. He writes about the dangers of such a...
FRAGMENTATION: World Currency Order Precarious After Biden’s Russia Sanctions
The implementation of crippling sanctions on Russia's central bank may encourage other countries to diversify away from the dollar, lest they fall victim to...
Bank of Japan’s Unlimited Bond Buying Sends Yen Tumbling
When a central bank offers to buy an unlimited number of its government's bonds, is it any surprise when its currency falls hard on...
As Turks Flee Lira, Erdogan Opens War Against Cryptocurrencies
For policymakers using currency debasement as a "solution" to their problems, there could be nothing worse than cryptocurrency. Its status as a "hard" currency...
DIGITAL DANGERS: Does America Need a Digital Dollar?
In what seems like a relentless drive toward self-actualization, discussion of the digitalization of the dollar has been winding its way through economic and...
ACHTUNG! Highest German Inflation of Euro-Era
Germany's inflation has climbed to a 29-year high of 4.1%. That's higher than at any point during Germany's participation in the euro currency bloc....
Gold’s True Story
Back in 1971, I had just started in the institutional research and trading business on Federal St. in Boston. Our firm traded and researched...