Blog: Are Stablecoins and DeFi taking us "Back to the Future?"
The decentralized US banking system in 19th century illustrates risks.
Topic
Financial Instability
A collection of 53 issues
Blog: Complacency, Acquiescence and Low Uncertainty
Low risk may not mean low uncertainty.
Blog: Are Bonds the Dog that didn't bark?
The Bond market's lack of reaction to the new Middle East Crisis tells us something.
Blog: Transitory Inflation, Permanent Rise in Price
The meaning behind words/jargon matter.
Blog: The Market Sings the Who.
The market thinks recession fears are overdone, again.
Blog: Risk down. Uncertainty high. What could go wrong?
Lower risk numbers do not mean uncertainty has followed.
Blog: Tariffs, Reciprocal In Name Only, Make Markets Fragile
Downside risk is larger than upside opportunities.
Flash Report: MUSI shifts to a Fragile State
Blog: Trade Wars-Transitory, or Hubris?
Uncomfortable parallels between the current Trade War and 1914.
Blog: Tariffs as Exogenous Shocks
When the unexpected is expected, is it still exogenous?