By Sean Dempsey, 06/09/23 Once upon a time, in the not-so-distant land of Uzhok, Ukraine, deep in the Carpathian mountain range, there lived a courageous father named Ivan and his 16 year old son, Roman. They lived alone, just the two of them, as the boy’s mother had died when Roman was very young. They […]
The biggest systemic risk to markets right now. Will it be the pin to pop the “everything bubble?” The yen carry trade has long been the financial world’s favorite magic trick: borrow yen at 0%, sell it for dollars, then plow the proceeds into whatever shiny thing is booming that month: U.S. tech stocks, crypto, […]
Recent events at the nation’s Capitol have left true Libertarians with a sense of curious ambivalence. On one hand, we see a bunch of children and fools—championed by a self-serving and pompous puppet-master—forcing their way into the Capitol building for the mere sake of maintaining the status quo. Their mission (supposedly?) was to disrupt legal […]
