Sublime
An inspiration engine for ideas
He remains the central bankers’ favourite economist. Yet our modern monetary mandarins never stop to consider Bagehot’s warnings about the adverse consequences of easy money – how interest rates set at 2 per cent or less fuel speculative manias, drive savers to make risky investments, encourage bad lending and weaken the financial system. One
... See moreEdward Chancellor • The Price of Time: The Real Story of Interest
The IYI-cum-cronyist former Treasury Secretary Tim Geithner—with whom I share the Calabrese barber of the Prologue—was overtly rewarded by the industry he helped bail out. He helped bankers get bailouts, let them pay themselves from the largest bonus pool in history after the crisis, in 2010 (that is, using taxpayer money), and then got a
... See moreNassim Nicholas Taleb • Skin in the Game: Hidden Asymmetries in Daily Life
Before he became the Prime Minister of Canada. He was the chair of the Group of 30. Which is based out of Washington DC and is made up of the 30 greatest minds in finance and economics alive today.
* He warned against Brexit and steered the British Economy away from bankruptcy
dante violetx.comAustralians are losing nearly a billion dollars a year in card surcharges from businesses passing on the cost of electronic transactions.
The Reserve Bank wants payments processed through the cheapest network, known as least-cost routing, but the take-up has been slow.
#ABCNews #Australia... See more
abcnews_auinstagram.comThe crisis is precipitated.
John Yorke • Into The Woods: How Stories Work and Why We Tell Them
Other People's Money: Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever Made
amazon.com
BREAKING, INSIDE THE FEDERAL RESERVE: Hidden Camera captures Principal Economist @federalreserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” The influential agency responsible for maintaining a stable monetary system appears to not just be establishing interest rates, but to be setting policies for... See more
James O'Keefex.com
There it is. Construction down 0.5% (i.e. a lot). The UK is falling into recession. This was predictable and has massive political ramifications. As I argue in the @unherd article linked in the comments below, this could destroy the @Conservatives forever. 🇬🇧 https://t.co/h0zLqHWJQX
Regarding Telegram and Pavel Durov:
"Respectable” Western banks such as HSBC, Deutsche Bank and JP Morgan Chase were found to help launder trillions of dollars on behalf of criminals and terrorists around the world.
Was a single CEO arrested? Of course, not!