The Blog

Greek Debt & French Tragedy

The Pentagon Just Handed Silicon Valley the Pen: The Winners and Losers of Project Meridian On Wednesday, the US Defense Secretary made a big ask at Marine Corps Base Quantico - he wanted the people who are always thinking about the future to tell him what's coming next. He's put together a team to review the kinds of weapons and technology the US military will need in future wars, and it's a pretty impressive group. >Elon Musk, SpaceX and Tesla boss is on board, along with P

Emanuel Bajra Askush nuk ka top të kristaltë për ta ditur, por një gjë është e rëndësishme të kuptohet: tregjet tashmë janë bërë tepër dinamike për shijen e një investitori apo tregtari të përditshëm. Janë tre faktorë që po i shtyjnë tregjet të riformatohen këto ditët e fundit. 1. Faktori i derivateve dhe i mallrave. Ekziston një tension i paparë ndërmjet këtyre dy strategjive. Derivatet refuzojnë t'i mbështesin vlerësimet e mallrave, sepse këto të fundit kanë filluar të flir

Read that again. The yen rescue is already a footnote. The thirty-year is not. Treasury bought yen with Japan in the same month it doubled long-end buybacks. On Friday a new Fed chair walks to a Wyoming podium with a nine-to-three committee behind him. The instinctive reading is independence: Tokyo defends the yen, Washington defends duration, the Federal Reserve defends its vote. It is still one funding market. Two feet are on the same pedal. The fade The intervention bought

The US Treasury has just bought yen. Read that again, it inverts forty years of intuition. The issuer of the world's reserve currency intervened, jointly with Japan's Ministry of Finance for the first time in this direction since 1998, to weaken its own currency against a G7 peer at four-decade lows. The instinctive reading is that this is a story about the yen. It is a story about the dollar. Look beneath the headline though. Japan is not simply selling dollars to defend its

Quarterly Downloadable Report