Topic: Financial Markets

Stakeholders v. Stockholders

– August 28, 2021

“Most investors don’t want the corporations they own to oppose X or support Y and those who do are free to reinvest dividends or the profits from stock sales in whatever lawful causes they wish.” ~ Robert E. Wright

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Decentralized Stablecoins: The Real Peer-to-Peer Electronic Cash Systems

– August 25, 2021

“Bitcoin still has a role to play as a globally popular speculative token. It’s time for the decentralized stablecoins to take their place as the real peer-to-peer electronic cash systems.” ~ J.P. Koning

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The Lumber Market Crash

– August 24, 2021

“Unfortunately, carefully considering trade-offs remains alien to the calculus of public officials. From utter scarcity to crushing abundance in less than 100 days, the lumber epic is entering a new phase.” ~ Peter C. Earle

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Book Review: Mark Spitznagel’s Truly Spectacular ‘Safe Haven’

– August 20, 2021

“Mark Spitznagel certainly is not captive to convention, which is why Safe Haven is such a joy. To the author, ‘becoming conventional is self-defeating in this business.’ Amen to that. The world needs more people like Spitznagel, and more books like the one he’s written.” ~ John Tamny

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How Societies Save For an Uncertain Future

– August 17, 2021

“This is the problem that all societies have tried to overcome – moving value through time and ensuring our individual livelihood when we’re too old to produce the value that sustains us.” ~ Joakim Book

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How Palladium Became a Target of Criminal Syndicates

– August 13, 2021

“The over six-fold increase in palladium prices have led to organized criminal activity. But between natural scarcity, lockdowns, and increasing environmental regulations, innovation offers the only current promise of relief.” ~ Peter C. Earle

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Populist Prophets, Public Profits, and the Pied Pipers of Lucre

– August 10, 2021

“Keith Gill and the WallStreetBets horde aren’t going anywhere, and their crusade is not unique. They are preceded by many other campaigns, the earliest of which were Thomas Lawson’s in early 20th century Boston.” ~ Peter C. Earle

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The Fall of the Dominoes

– August 5, 2021

“What we can do at this point is to look back at key points where we could have stopped them falling – like taking seriously the idea of a limited government and the principle of sound money – and ensure that, when the dust settles, we warn future generations not to repeat those errors.” ~ Antony Davies

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How Tether Can Improve Its Pie Chart

– August 5, 2021

“Tether will be publishing its next pie chart sometime in the middle of August. Given its flagging issuance, Tether has every reason to do a better job than before. The whole cryptocurrency world will be watching.” ~ J.P. Koning

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Understanding China’s Financial Market Chaos

– July 30, 2021

“In this case, Beijing seems to be making a calculated decision to pursue immediate political goals over long-term growth. Such trends are likely to continue and will make investing in Chinese companies increasingly unattractive.” ~ Ethan Yang

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History Lessons: The Case Against Regulating ESG Ratings Agencies

– July 28, 2021

“This history lesson strongly suggests to us that security regulators should refrain from endorsing any particular ESG metric. Sadly, security regulators around the world appear to be intent on repeating the mistakes made by the SEC in the 1970s.” ~ Robert E. Wright & Andrew Smith

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A Conversation On Wall Street and Dangerous Monetary Policy

– July 27, 2021

“On this episode of the Authors Corner, Ethan Yang sits down with former hedge fund manager and founder of Signals Matter, Matt Piepenburg, to discuss his book Rigged to Fail. Matt brings his years of experience in the financial industry and his academic scholarship to offer a nuanced discussion on financial markets and the Federal Reserve.” ~ AIER

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