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Bank bail ins - 2021 November 25
The recent currency crisis events in Turkey are worth paying attention to, especially with regards to the response taken. One particular tool that might be used in a bail in. Turkey is a G20 country and bank bail in legislation has been introduced in most G20 countries. In this article I outline what the bail in mechanism is and some of the reasons why these exist along with some of the practical realpolitik issues that would get in the way of actually using one.
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Problems with Celsius - 2021 November 25
The Celsius product was something that always annoyed me, in part because I'd only ever hear about it from rabid shills and obvious bot accounts. Support for it just screamed astroturfing. The other particularly annoying thing is that taking leverage on cryptocurrencies is not something I think is wise at all and products like this seem like this cycles Collateralized Debt Obligations, but when will they all blow up?
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Why is so much financial advice bullshit - 2021 October 30
A lot of finance "advice" out there is of a crap quality but why?
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Why do stable coins matter - 2021 October 29
What are stablecoins and why do they matter?
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Futures markets lower prices, both in good and bad ways - 2021 October 28
Futures markets suppress prices, this is good in some regards but this mechanism can be used in such a way that's not so good.
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Meanwhile over on the VIX... - 2021 October 01
Meanwhile there's some interesting things happening on the VIX...
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V shaped lies - 2021 October 01
The non-financial economy is still in a bad state, and anyone who looks at the raw data knows it, but the shared delusion of the V shaped recovery is powerful and stubbornly persistent. It's also extremely harmful to a lot of people, this sort of gaslighting is doing an enormous amount of damage to people. It's this harm that makes me feel compelled to write on the subject, people deserve better than this.
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Fast things happen slowly then quickly - 2021 September 21
How fast do "sudden" events happen?
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Finally getting around to publishing some monetary policy articles - 2021 September 19
I'm finally getting around to publishing some articles I started writing back in 2020 about interest rates and monetary policy and the various developments that have happened in global economics lately.
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Politics of unproductive debt - 2021 May 16
Right now we have a large economic debt crisis brewing and THIS DEBT CRISIS STARTED LONG BEFORE THE COVID PANDEMIC. Specifically unproductive debt is at extreme levels and is now starting to create a rather acute debt crisis. The pandemic exposed how much of a problem this really was before making it much worse. Unfortunately everyone is blaming everything on the pandemic when this is an issue that goes back at least an entire decade to the events of the global financial crisis of 2007-2008, if not earlier. A massive shift has been seen in political attitudes towards debt in the last few decades. One thing that is for sure is that the answer to resolving the debt trap is not going to be by creating more debt but that seems to be the consensus political position these days, at least for now... But things weren't always like this.
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