Asheville, North Carolina, has a population you could fit inside a single football stadium, and for two days at the end of August it hosted the finance ministers and central bank governors of every major economy on earth. That contrast is worth sitting with for a second. The decisions that eventually shape your mortgage rate,
The G20 Just Met. Here Is What It Means for You Read More »
Yesterday the UK government asked the bond market a simple question: how much would you charge us to lend you money for thirty years? The market’s answer was the most expensive one it has given since records began. What Actually Happened Britain, through its Debt Management Office, sold four point two five billion pounds of
Britain’s Priciest Borrowing Since 1998 Read More »
Ask a banker what worries them about crypto; increasingly, the honest answer is not Bitcoin. It is stablecoins, and specifically the fact that the two largest ones are not issued by a bank at all. On September 1, twenty-one of the world’s largest financial institutions decided to stop watching that gap from the sidelines. Names
Why Major Banks Want Their Own Digital Dollar Read More »
I have spent years climbing corporate programme management, the kind of career where every promotion arrives with a small, satisfying jump in salary and a slightly bigger house of expectations built on top of it. Around the third or fourth pay rise, I noticed something odd. The number on my payslip kept growing. The feeling
You Earn Well. So Why Doesn’t Life Feel Freer? Read More »
Two of the least glamorous companies on the stock market are about to decide how the rest of the year feels for anyone holding an artificial intelligence stock, and neither of them makes a chip or a chatbot. Oracle reports its first-quarter results on Thursday the tenth of September, with Adobe close behind it, and
This Week’s Earnings Are A Verdict On AI Itself Read More »
Bitcoin was the loudest thing in my newsfeed, and for a good reason. It touched a four-month high above eighty-two thousand dollars on the back of Federal Reserve Governor Waller’s dovish comments, the same comments that briefly convinced most of the market that a September rate hike was off the table. By Monday, it had
Bitcoin’s Rally Met The Rate Debate, And Lost Read More »
I heard about the strikes on Saudi energy infrastructure the same way most people probably did: as a headline on my phone before I had made the coffee. Houthi attacks hit Saudi energy sites over the weekend, part of a wider conflict between the United States, Israel and Iran that has now run, on and
The War Came Back. Gold Did Not Follow It Up. Read More »
I was three days into believing the interest rate story was settled. On September 3, Federal Reserve Governor Christopher Waller signalled he would be comfortable holding rates steady this month if inflation kept cooling. Markets did what markets tend to do with a comment like that. They ran with it. Bitcoin climbed to a four-month
The Jobs Report That Undid the Fed’s Good Mood Read More »
A Record Week Nobody Shouted About I have written before about Ripple quietly winning while its own token goes nowhere, and this week gave me a fresh, very literal version of that same split. XRP ETFs pulled in $110.49 million over the week ending 29 August, their best week since December, pushing cumulative inflows since
Ripple Is Winning. Now Its ETFs Are Too Read More »
A Pattern I Am Starting To Expect A particular kind of market move has stopped surprising me this year, though it still surprises most people I mention. Something shifts the market’s expectation of US interest rates, and within a day or two, a group of countries most people never think about as an investment idea
Fed Doves Out, Emerging Markets Wake Up Read More »
