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, […]
by Sean Dempsey | 04/06/24 There once were, in a certain indistinct corner of a Canadian kingdom whose borders were always expanding on paper yet never visited in person, two brothers who came into possession of adjoining lands. Yet possession in such a place was a delicate word; for everything, in truth, already belonged to […]
‘Bitcoin’ is an interesting example of the future of money. Bitcoin is a non-asset backed and non-state controlled money. With the Fed destroying the value of our money it comes as no surprise that we should start to see such experiments as these. I tend to be skeptical of such non-asset backed currencies, but it […]
