Remember This from FTX Bankruptcy and You Can Thank Yourself Later
The fall of crypto exchange FTX is a brutal lesson in fear and greed. Not the fear of losing but the fear of missing...
Could America’s Markets Melt Down Like the UK’s?
UK Prime Minister Liz Truss resigned today, largely in the wake of a market meltdown in UK bonds (gilts) that followed the unveiling of...
Pensions Snagged by LDIs Rescued by Bank of England
UK pension funds that were engineering their way around the Bank of England's super low-interest rates have now had to be saved by, you...
UK PLAN: Spend More, Collect Less
New Prime Minister of the UK, Liz Truss, and her team have announced a new plan to cut taxes and spend more. Max Colchester,...
BLOOMBERG: Big Business’s Bitcoin Bet Backfires
MicroStrategy, a company founded to sell data mining services and software, has watched its stock price stumble as bitcoin prices collapse. The problem for...
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...
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...
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...
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...